Virtualtek Corp (KOSDAQ:A036620) announced that it will issue 6,849,315 common shares at a price of KRW 730 per share for gross proceeds of KRW 4,999,999,950 on October 4, 2019. The shares will be issued at a discount of 9.06%. The payment date is October 14, 2019. The transaction will include participation from individual investor Hosun Kim for 6,849,315 shares. The shares will be issued through third party allotment method. The transaction has been approved by the shareholders of the company. The securities issued will have a lock up period of 1 year. Post the closing of the transaction the capital of the company will increase from KRW 46,171,847 to KRW 53,021,162.