Kyung Nam Biopharma CO.,LTD. (KOSDAQ:A044480) announced a private placement of 5,194,805 common shares at an issue price of KRW 1,925 per share for gross proceeds of KRW 9,999,999,625 on March 10, 2021. The transaction will involve participation from existing investor, Jangsan Co., Ltd. The shares have face value of KRW 500. The shares are issued at a discount of 10%. The company will issue shares through third-party allotment method. Post the closing, the total number of shares issued by the company will increase from 20,127,806 shares to 25,322,611 shares. The shares will have one-year retention period. The payment date is April 15, 2021. The listing date is May 3, 2021. The transaction has been approved by the board of directors of the company.