Haesung Optics Co., Ltd. (KOSDAQ:A076610) announced a private placement of 2,640,000 common share at a price of KRW 3,033 per share for gross proceeds of KRW 8,007,120,000 on June 17, 2019. The transaction will include participation from Biolog Device Co., Ltd. for a stake of 8.52% in the company. The company will issue shares through third party allotment.

The board of directors of the company approved the transaction. The company expects to close the transaction on June 25, 2019.