YG-1 Co., Ltd. (KOSDAQ:A019210) announced a private placement 942,760 7th series registered redeemable convertible preferred shares at a price of KRW 14,850 per share for the gross proceeds of KRW 13,999,986,000 on November 27, 2017. The shares are allotted by way of third party capital increase method. The shares issued have a face value of KRW 500 per share.

The shares issued are convertible into common stock of the company from November 28, 2018 to October 28, 2024. The transaction has been approved by the board of directors of the company. The shares issued have a lock up period of one year.

The transaction will include participation from Mirae Asset Daewoo Co., Ltd. (KOSE:A006800) for 282,828 shares, Samsung Securities Co.,Ltd. (KOSE:A016360) for 172,925 shares, Shinhan Investment Corp., Investment Arm for 197,445 shares, KB Securities Co., Ltd., Investment Arm for 101,010 shares, EBEST Investment & Securities Co., Ltd. (KOSDAQ:A078020) for 67,340 shares and NH Investment & Securities Co., Ltd., Investment Arm for 121,212 shares. The transaction is expected to close on November 28, 2017.