NEXTCHIP Co., Ltd. (KOSDAQ:A092600) announced a private placement of 1,573,692 common shares at a price of KRW 6,164 per share for gross proceeds of KRW 9,700,237,488 on August 4, 2020. The shares have a par value of KRW 500 per share. The transaction will include participation from K& Investment Partners for 762,492 shares and SV Investment Corporation (KOSDAQ:A289080) for 811,200 shares.

The transaction has been approved by the board of directors. The company expects to close the transaction on August 5, 2020.