Genstory Co., Ltd. announced a private placement of 25,000 common shares at a price of KRW 300,000 per share for gross proceeds of KRW 3,000,000,000 on July 17, 2019. The transaction will include participation from existing investor LG Household & Health Care Ltd. (KOSE:A051900) and will retain its 60% stake in the company. Post the closing, the number of shares will increase from 25,000 shares to 35,000 shares. The transaction is expected to close on July 18, 2019. The transaction was approved by board of directors of the investor.