G-treeBNT Co., Ltd. (KOSDAQ:A115450) announced a private placement of 264,706 common shares at a price of KRW 30,600 per share for gross proceeds of KRW 8,100,003,600 on August 27, 2018. The transaction will include participation from new investor Supex BNP Co., Ltd. The transaction is expected to occur on September 4, 2018. The transaction has been approved by the board of directors.

The shares issued in the transaction are subject to a lock up period of two years.