Wonike L & D Co.,Ltd. announced a private placement of 3,000,000 common shares at KRW 5,000 per share for gross proceeds of KRW 15,000,000,000 on May 8, 2015. The transaction will include participation from existing investors Wonik Corporation (KOSDAQ:A032940) for 600,000 shares and will retain 20% stake in the company, Wonik QnC Corporation (KOSDAQ:A074600) for 1,200,000 shares and will retain 40% stake in the company, and Wonik Holdings Co., Ltd. (KOSDAQ:A030530) for 1,200,000 shares and will retain 40% stake in the company after the transaction. Payment date for the transaction is May 15, 2015.

The transaction has been approved by its board of directors. The company had total assets of KRW 57,491,000,000; total liabilities of KRW 42,601,000,000; total stockholders' equity of KRW 14,890,000,000; capital of KRW 30,000,000,000; sales revenue of KRW 9,488,000,000; and net profit of current period of KRW -4,437,000,000 for the year ending on December 31, 2014.