ARTIS Co., Ltd. (KOSE:A101140) announced a private placement of 2,561,421 shares at a price of KRW 1,913 per share for gross proceeds of KRW 4,899,998,373 on May 24, 2017. The transaction will include participation from new investor HQ Artis Investment Fund. The company has issued a total of 20,293,663 shares till date. The shares are subject to a lock up period of one year after the closing. The shares will be issued by way of third party allotment. The payment date of the transaction is May 29, 2017.