WINPAC Inc. (KOSDAQ:A097800) announced a private placement of 769,230 common shares of par value KRW 100 at KRW 1,130 per share for gross proceeds of KRW 999,999,000 on August 14, 2019. The transaction included participation from Hankyu Lee. The common shares have a lock up period of 12 months. The transaction has been approved by the board of directors of the company. The transaction is expected to close on August 27, 2019.