NeoView KOLON Co.,Ltd. announced a private placement of 805,513 common shares at KRW 5,000 per share for gross proceeds of KRW 4,027,565,000 on August 6, 2018. The shares will be issued at par value to its shareholders. The transaction will include participation from existing investor Kolon Industries, Inc. The transaction is expected to close on September 10, 2018. The scheduled subscription date will start on August 22, 2018 and end on September 7, 2018. The transaction has been approved by the board of directors of the company.