Hbion USA,Inc. announced a private placement of 50,000 common shares at a price of KRW 20,581.20 per share with new investor, homecast Co., Ltd. (KOSDAQ:A064240) for gross proceeds of KRW 1,029,060,000 on November 7, 2016. The investor will acquire 50% stake in the company through this transaction. The company reported total assets of KRW 57,000,000, total stockholders’ equity of KRW 57,000,000, and capital of KRW 57,000,000 for the year ending December 31, 2015. The transaction has been approved by the board of the company. The transaction is expected to close on November 18, 2016.