Kumyang Co., Ltd. (KOSE:A001570) announced a private placement of 2,000,000 common share at a price of KRW 4,090 per share for total gross proceeds to KRW 8,180,000,000 on July 23, 2020. The transaction included participation from Oasis Management for 1,000,000 common shares for KRW 4,090,000,000, and Koreit Asset Management for 1,000,000 common shares for KRW 4,090,000,000.