Haengnam Household & Health Care, Inc. (KOSDAQ:A008800) announced a private placement of 6,795,016 common shares at an issue price of KRW 2,649 per share for gross proceeds of KRW 17,999,997,384 on August 16, 2018. The transaction will include participation from individual investors, Jongbin Yoon and Jaeduk Han for 3,397,508 shares each. The company will issue shares through a third party allotment method. The transaction is expected to close on September 17, 2018. The share issued will have a hold period of one year. The transaction has been approved by the board of directors of the company.