Tai Guk Pharm Co.,Ltd. announced a private placement of 35,400,000 common shares at a price of KRW 2,403 per share for gross proceeds of KRW 85,066,200,000 with existing investor LG Household & Health Care Ltd. (KOSE:A051900) on February 13, 2018. The shares will be issued by 3rd party allotment. The transaction is expected to close on March 12, 2018. The transaction has been approved by the board of directors of the company. The stake of the investor will increase from 78.9% to 91.7% upon closing.