Huons Bio Parma Co.,Ltd. announced a private placement of 800,000 common shares at KRW 127,373 per share for gross proceeds of KRW 101,898,400,000 on June 24, 2021. The shares carry a par value of KRW 500 each. The transaction will include participation from new investor Imeik Technology Development Co.,Ltd. The transaction is to place by way of third party capital increase. The payment date for the shares is expected to be September 30, 2021. The transaction has been approved by board of directors of the company. The transaction is subject to approval from investor's shareholders. Post completion of transaction, M&A Imeik Technology Development Co.,Ltd. will hold 1,220,000 shares for 25.4% stake and Huons Global Co., Ltd. will hold 4,000,000 shares for 74.6% stake in the company. The company announced that the transaction has been approved at the 23rd meeting of the company's 2nd directorate and is subject to shareholder approval. On August 5, 2021, the investor held its 3rd extraordinary general meeting of 2021 and approved the transaction.