Medizen Humancare Co.,Ltd. announced a private placement of 166,666 redeemable convertible preferred shares at KRW 15,000 per share for gross proceeds of KRW 2,499,990,000 on January 13, 2017. The transaction will include participation from new investors Kiwoom Growth 15th Secondary Investment Fund, a fund managed by Kiwoom Investment Co., Ltd. for KRW 499,995,000, Shinhan Capital Co., Ltd. for KRW 499,995,000, and Kiwoom Securities Co., Ltd., Investment Arm for KRW 1,500,000,000. The company will issue shares through 3rd party allotment. The redemption period will start from January 13, 2020 and end January 16, 2027 and conversion period will start from January 17, 2017 and end on January 16, 2027. The shares will be convertible into 166,666 common shares. The transaction has been approved by board of directors of the company. The payment date is January 16, 2017.