Q Capital Partners Co., Ltd. (KOSDAQ:A016600) announced a private placement of common stock on July 17, 2017. The company has issued 39,805,000 shares at a price of KRW 1,030 per share for gross proceeds of KRW 40,999,150,000 in the transaction. The transaction includes participation from returning investor, GNCO Co., Ltd. (KOSDAQ:A065060) for 39,805,000 shares.

The transaction is pursuant to third party allotment methods. The issuance in the transaction is pursuant to lock-up period of 1 year. The transaction has been approved by board of directors on July 17, 2017.

The scheduled listing date of new shares is July 31, 2017.