GW Vitek CO.,LTD. announced a private placement of 28,911,564 common shares at a price of KRW 588 per share for the gross proceeds of KRW 16,999,999,632 on April 25, 2023. The transaction will include participation from new investor Korea Pharmaceutical Technology Value Fund. The share are allotted through third party allocation increase method and have a holding period of 1 year.

The transaction has been approved by shareholders of the company. The transaction is expected to close on July 27, 2023.