Kolmar Korea Co., Ltd. (KOSE:A161890) announced a private placement of 1,242,237 common shares at a price of KRW 80,500 per share for gross proceeds of KRW 100,000,078,500 on June 29, 2018. The transaction will include participation from existing investor Korea Kolmar Holdings Co., Ltd. (KOSE:A024720). The common shares are issued through a third-party allotment method.

The shares issued are subject to 1 year hold period. The new share certificates will be delivered on August 8, 2018. The transaction is expected to close on July 23, 2018.