SENTROL Co., Ltd. announced a private placement to issue 633,142 common shares of face value of KRW 500 per share at issue price of KRW 3,500 per share for gross proceeds of KRW 2,215,997,000 on May 27, 2019. The transaction includes participation from Cornerstone Networks CO., LTD (KOSDAQ:A033110). The transaction will be through third party allotment. The transaction is expected to close on June 11, 2019. The eligibility date for dividend payout of new shares is January 1, 2019. The scheduled delivery date of new share certificates is June 18, 2019. The transaction has been approved by the board of directors. Shares issued in the transaction is subject to a hold period of one year.