CUROHOLDINGS Co., Ltd. (KOSDAQ:A051780) announced a private placement of 4,072,000 common shares at a price of KRW 614 per share for gross proceeds of KRW 2,500,208,000 on October 20, 2020. The common shares have a par value of KRW 500 per share. The transaction will include participation from returning investor Company K Partners Limited (KOSDAQ:A307930). The company is raising funding through third party allotment method. All securities to be issued will be subject to transfer restrictions for a period of 1 year. The transaction has been approved by the board of directors of the company, and is expected to close on October 28, 2020.