Dongjin Semichem Co., Ltd. (KOSDAQ:A005290) announced a private placement of 1,285,360 common shares at KRW 19,550 per share for gross proceeds of KRW 25,128,788,000 on October 30, 2017. Each share has a face value of KRW 500 and will be issued at premium. The transaction will include participation from Samsung Electronics Co., Ltd. (KOSE:A005930).The payment date for the shares is expected on November 1, 2017.

The transaction has been approved by board of directors of the company. All securities issued are subject to deposit to the Korea Securities Depository and lock-up for one year. The shares are issued through third party allotment method.