Woory M Automotive Co., Ltd announced a private placement of 1,580,000 shares with existing investor, Woory Industrial Co., Ltd. (KOSDAQ:A215360) at KRW 5,000 per share for gross proceeds of KRW 7,900,000,000 on September 25, 2017. Investor retained 100% stake in the company. The transaction has been approved by the parents’ board of directors. The company reported total assets of KRW 188,788,294,352 in the year ending December 2016.