Jenax Inc. (KOSDAQ:A065620) announced a private placement of 6,118,879 common shares of par value KRW 500 for an issue price of KRW 5,720 per share for gross proceeds of KRW 34,999,987,880 on January 29, 2020. The transaction will include participation from B & F First for KRW 11,999,996,440, Largo Fund for KRW 10,000,000,000, Growth & Value Investment Partnership 10 for KRW 10,000,000,000. The company will issue shares by third party allocation. The securities has a hold period of one year. The payment date for 2,097,902 shares is March 20, 2020 and remaining 3,496,502 shares will be February 27, 2020. The transaction was approved by board of directors of the company.