New Power Plasma Co.,Ltd (KOSDAQ:A144960) announced a private placement of 2,140,939 common shares at a price of KRW 5,950 for gross proceeds of KRW 12,738,587,050 on November 2, 2020. The transaction will include participation from new investor Samsung Electronics Co., Ltd. (KOSE:A005930) for 12% stake. The payment date for the transaction is November 16, 2020.

All shares to be issued are subject to a mandatory retention for one year. The transaction has been approved by the board of directors.