Air Busan Co., Ltd. (KOSE:A298690) announced a private placement of 10,101,010 common shares issued at a price of KRW 2,970.0000297 per share for gross proceeds of KRW 30,000,000 on September 28, 2020. The company expects to close the transaction on December 16, 2020. The transaction was approved by the board of directors of the company.