Charmzone Global Co., Ltd. announced a private placement of 21,171,756 shares at an issue price of KRW 858 per share for gross proceeds of KRW 18,165,366,648 on May 24, 2022. The company is raising funding through third party allocation increase method. The transaction will include participation from returning investor Charmzone Household & Healthcare for 3,732,961 shares, new investor Am West Funding Korea Co.
, Ltd for 16,411,983 shares and from new investor VM Investment Inc for 1,026,812 shares. The transaction is expected to close on August 29, 2022. All securities issued in the transaction have a hold period for one year.
The transaction has been approved by the board of directors.