JICO co., Ltd (KOSE:A010580) announced a private placement of 1,233,040 common shares of par value KRW 500 issued at a price of KRW 811 per share for gross proceeds of KRW 999,995,440 on November 21, 2019. The transaction will include participation from Bebutt Co., Ltd. The shares are issued through a third party allotment method. The transaction is expected to close on December 6, 2019. The transaction has been approved by the board of directors of the company.