CUROHOLDINGS Co., Ltd. (KOSDAQ:A051780) announced a private placement of 388,470 common shares at a price of KRW 1,995 for gross proceeds of KRW 774,997,650 on May 9, 2016. The transaction will include partcipation from Lee, Sunghoon for 271,929 shares and Choi, Jiyoon for 116,541 shares. The transcation is expected to close on May 10, 2016. The securities to be issued have a lock up period of one year. The transaction was approved by board of directors of the company. The company will issue shares through third party allotment method.