Maniker Co., Ltd. (KOSE:A027740) announced a private placement of 16,336,056 common shares at an issue price of KRW 857 per share for gross proceeds of KRW 13,999,999,992 on June 8, 2018. The transaction will involve participation from new investor CJ Cheiljedang Corporation (KOSE:A097950). The shares were issued at a premium and will be subject to a hold period of 1 year.

Post the closing of the transaction, the shares issued by the company will increase from 116,725,477 to 133,061,533. The transaction is expected to close on June 25, 2018. The transaction was approved by the board of directors of the company.