Curo Holdings Co., Ltd. (KOSDAQ:A051780) announced a private placement of 11,811,023 common shares at a price of KRW 635 per share for gross proceeds of KRW 7,499,999,605 on December 8, 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) for 8,661,417 shares and Quro Co., Ltd for 3,149,606 shares.

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 December 16, 2020.