Qurient Co., Ltd. (KOSDAQ:A115180) announced a private placement of 757,574 registered common shares and 1,136,361 registered conversion preferred shares at a price of KRW 21,120 per share for proceeds of KRW 15,999,962,880 and KRW 23,999,944,320 respectively; for aggregate gross proceeds of KRW 39,999,907,200 on September 6, 2018. Each common share to be issued will have a par value of KRW 500. Each preferred share will be issued at a premium of KRW 20,620. Quad Healthcare Multi Strategy 3 Hedge Fund will subscribe 284,091 common shares and 426,136 preferred shares. W M4 Hedge Fund will subscribe 189,393 common shares and 284,090 preferred shares. Alpen Route Mont Blanc 4807 Multi Strategy Hedge Fund 1 will subscribe 94,697 common shares and 426,136 preferred shares. The round will include participation from other investors as well. All securities to be issued will have a hold period of one year. The preferred shares are convertible into 1,136,361 common shares between October 19, 2019 and October 18, 2023. The payment date of the transaction is October 19, 2018. The company will receive funding through third party allocation method.