The Eight Games Co., Ltd. announced a private placement of 1,010,913 common shares at a price of KRW 300,000 per share for gross proceeds of KRW 303,273,900,000 on May 19, 2017. The transaction involved participation from existing investor DOUBLEUGAMES Co., Ltd. (KOSDAQ:A192080). Post the closing of the transaction, the investor will hold 100% stake in the company. Post the closing of the transaction, the total number of shares issued will reach 1,036,971 from 26,058. The common shares are issued at a premium. The company is issuing 38.79472715 common shares per each existing share. The company reported total assets of KRW 568,000,000, total liabilities of KRW 484,000,000, total capital of KRW 83,000,000, capital of KRW 261,000,000, revenue of KRW 1,654,000,000, and net loss of KRW 368,000,000 for the year ended December 31, 2015. The transaction has been approved by the board of directors of the company.