GS Entec Corp. announced a private placement of 100,000,000 common shares at KRW 1,000 per share for gross proceeds of KRW 100,000,000,000 on February 24, 2016. The shares carry a par value of KRW 500 each and will be issued at a premium. The transaction will include participation from existing investor, GS Global Corporation. The company will issue the shares via third party allotment method. The shares issued as part of the transaction will have a lock in period of one year from the date of issue. The payment date for the shares is expected on March 30, 2016. The transaction was approved by the board of directors of the company.

On March 14, 2016, the company announced that the transaction is now expected to close on March 29, 2016.