Hansol Secure Co., Ltd. (KOSDAQ:A070300) announced private placement of 1,200,000 at a price of KRW 6,380 per share for gross proceeds of KRW 7,656,000,000 to Giesecke+Devrient Mobile Security GmbH on December 21, 2016. The securities issued are subject to 1 year hold period. The shares will be issued at premium to par value of KRW 500 per share. The number of issued shares will increase from 6,166,074 shares to 7,366,074 shares upon closing. The transaction has been approved by the shareholders of the company. The transaction is expected to close on January 24, 2017.