Virtualtek Co., Ltd. (KOSDAQ:A036620) announced that it has entered into a capital and business alliance with new investor Snow Peak, Inc. (TSE:7816) for private placement of 3,800,000 shares at an price of KRW 798 per share for gross proceeds of KRW 3,032,400,000 on December 12, 2019. The company will issue securities through third party allotment method for 6.6% stake. The transaction is expected to close on December 27, 2019.