Hana Materials Inc. (KOSDAQ:A166090) announced a private placement of 406,200 shares at an issue price of KRW 11,950 per share for gross proceeds of KRW 4,854,090,000 on December 17, 2018. The transaction will involve participation from Tokyo Electron Limited (TSE:8035). The shares will be issued at a premium and through third party allotment method.

The transaction is expected to close on January 7, 2019. The shares to be issued in the transaction are subject to a hold period of up to one year. Post the closing of the transaction, the shares issued by the company will increase from 19,216,474 to 19,622,674.

The transaction was approved by the board of directors of the company.