J-One Co., Ltd. announced a private placement of 300,000 shares at a price of KRW 5,000 per share for gross proceeds of KRW 1,500,000,000 on July 6, 2018. The transaction will include participation from SHINSEGAE FOOD Inc. (KOSE:A031440). Post the closing, the investor will continue to hold 100% stake in the company. The shares are issued at par. The number of shares of company will increase from 1,580,000 to 1,880,000 upon completion. The company will issue 0.1898734 shares per one existing share. The payment date is July 13, 2018. The transaction has been approved by the board of directors of the company.