Lucky-Dragon International Travel Limited announced a private placement of 9,107 shares at a price of KRW 172,550 per share for gross proceeds of KRW 1,571,412,850 on August 28, 2017. The transaction will include participation from returning investor, Gamma Nu Inc. (KOSDAQ:A192410). The investor holds 36,430 shares and 51% stake in the company. The amount raised includes cash acquisition and partial loans receivable offset payment. The number of shares have increased from 62,323 to 71,430. The transaction was approved by the board of directors of the investor.