InkTec Co., Ltd. (KOSDAQ:A049550) announced a private placement of 989,011 common shares at an issue price of KRW 4,550 for gross proceeds of KRW 4,500,000,050 on September 15, 2017. The transaction will involve participation from new investors Daesolint Co., Ltd. for 659,341 shares, EM-Tech.CO., LTD. (KOSDAQ:A091120) for 219,780 shares and individual investor Kim, Jungdon for 109,890 shares. The shares will be issued at a premium.

The shares are subject to a lock up period of 1 year. The expected payment date of the transaction is September 19, 2017. Post the closing of the transaction the shares issued by the company will increase from 9,330,921 to 10,319,932.

The shares will be issued through third party allotment method. The transaction was approved by the board of directors of the company.