Hyosung Vina Chemicals Co., Ltd. announced a private placement of common shares for gross proceeds of KRW 78,267,000,000 on January 30, 2019. The transaction will involve participation from returning investor Hyosung Chemical Corporation (KOSE:A298000). The transaction has been approved by the board of directors of the investor. Post the transaction, the investor will retain its 100% stake in thee company. The transaction is expected to close on January 31, 2019. The company reported total assets of KRW 248,133,442,709 and total common equity of KRW 201,462,747,143 for the year ending December 31, 2018.