NeoPharm CO., LTD. (KOSDAQ:A092730) announced a private placement of 746,124 common shares at a price of KRW 42,849 per share for gross proceeds of KRW 31,970,667,276 on May 24, 2019. The shares have a face value of KRW 500 per share. The shares will be issued at a discount and through third party allotment. The transaction was approved by the board of directors.