Woongjin Liliette Co., Ltd. announced a private placement of 10,000 common shares with new investor Agabang & Company at KRW 50,000 per share for gross proceeds of KRW 500,000,000 on February 26, 2016. As part of the round, the investor acquired 50% stake in the company. The number of shares of the company increased from 10,000 to 20,000.

The securities were issued at premium. The transaction was approved by the board of directors of the investor.