UB One Co., Ltd. announced a private placement of 100,000 shares at a price of KRW 860 per share for the gross proceeds of KRW 946,000,000 on July 10, 2019. The transaction will include participation from new investor Bflysoft., Ltd (XKON:A148780). Post closing of the transaction the investor will acquire 52.38% stake in the company. The transaction was approved by the board of directors of the investor. The transaction is expected to close on July 11, 2019.