GY COMMERCE Co.,Ltd. (KOSDAQ:A111820) announced a private placement of 12,000,000 common shares at an issue price of KRW 500 per share for gross proceeds of KRW 6,000,000,000 on November 13, 2019. Post the closing, the investor will hold 49.04% stake in the company. Post the closing, the total number of shares issued by the company will increase from 20,557,009 shares to 32,557,009 shares. The payment date is February 7, 2020. The transaction has been approved by the board of directors of the investor.