PMX Industries, Inc. announced a private placement of 400,000 common shares at KRW 108,660 per share for gross proceeds of KRW 43,464,000,000 with existing shareholder, Poongsan Corporation on May 7, 2015. The investor will retain 100% stake on completion of the transaction. The company will allocate 0.0921659 new shares for every existing share held.

The payment date will be May 15, 2015. The transaction has been approved by board of directors of the investor. The company generated total assets of KRW 351,783,186,152, Total liabilities of KRW 262,163,000,000, total stockholders' equity of KRW 89,620,000,000, capital of KRW 44,000,000, sales revenues of KRW 566,800,000,000, and net loss of KRW 13,834,000,000 for the year ending 2014.