JD Farm Co., Ltd. announced a private placement of 1,286,460 common shares at a price of KRW 5,000 for total gross proceeds of KRW 6,432,300,000 on September 20, 2018. The transaction will involve participation from existing investor JUNGDAWN Co., Ltd. (KOSDAQ:A208140) who will hold 89.3375% stake post-closing of the transaction in the company. The transaction is expected to close on October 2, 2018. The transaction was approved by the board of directors of the investor. The company reported total assets of KRW 10,934,000,000, total liabilities of KRW 9,899,000,000 total capital of KRW 1,035,000,000, revenue of KRW 30,072,000,000, and net income of KRW 101,000,000 for the year ended December 31, 2017.