Winix Co., Ltd. announced a private placement of 700,000 common shares at KRW 6,000 per share for gross proceeds of KRW 4,200,000,000 on September 5, 2016. The transaction will include participation from existing investor Wonik QnC Corporation (KOSDAQ:A074600) to acquire 39.012580% stake. The board of directors of the company has approved the transaction. The payment date is September 5, 2016. The shares will be issued through 3rd party allotment. The company has total assets of KRW 7,425,250,605 for the year ending on December 31, 2015.