Hanp Inc. (KOSDAQ:A066110) announced a private placement of 8,089,260 common shares at an issue price of KRW 717 per share for gross proceeds of KRW 5,799,999,420 on November 14, 2019. The company will issue shares through third party allotment method. The transaction will involve participation from Jeju Energy Development Co., Ltd. The shares scheduled listing date is December 30, 2019. The transaction ahs been approved by the board of directors of the company. The shares issued in the transaction are subject to a hold period of 1 year, from the date of closing of the transaction. The payment date is December 26, 2019.