Korea Refractories Co., Ltd (KOSE:A010040) announced a private placement of 18,203,430 common shares at an issue price of KRW 4,175 per share for gross proceeds of KRW 75,999,320,250 on February 26, 2021. The transaction will include participation from KNX Co.,Ltd. The share has a face value of KRW 500 per share. The company will issue shares using third party allocation method. The transaction has been approved by the board of directors of the company. The transaction has a payment date of April 12, 2021.