SJK Co.,Ltd. (KOSDAQ:A080440) announced a private placement of 620,475 common shares at a price of KRW 967 for gross proceeds of KRW 599,999,325 on August 16, 2017. The transaction will involve participation from Lee, Seung Yeol; Chief Executive Officer of the company. The shares will be issued by a way of third party allotment and will be subject to a lock up period of one year. The expected payment date for the transaction is August 22, 2017. Post the closing of the transaction, the total number of issued common shares of the company will increase from 32,109,009 to 32,729,484. The common shares will be issued at a premium. The transaction was approved by the board of directors of the company.