Sugentech Incorporate (XKON:A253840) announced a private placement of 333,334 common shares at a price of KRW 12,000 for the gross proceeds of KRW 4,000,008,000 with Korea Materials & Analysis Corp. on June 20, 2017. The payment date of the transaction is June 20, 2017.

The shares are eligible for dividend payment from January 1, 2017. The transaction has been approved by board of directors.