JD Farm Co., Ltd. announced a private placement of 1,440,000 common shares at an issue price of KRW 5,000 for total gross proceeds of KRW 7,200,000,000 on September 14, 2018. The transaction will involve participation from existing investor JUNGDAWN Co., Ltd. (KOSDAQ:A208140). The shares will be issued at par. Post the closing of the transaction, the shares issued by the company will increase from 160,000 to 1,600,000. The transaction is expected to close on October 2, 2018. The transaction was approved by the board of directors of the investor.