YG-1 Co., Ltd. (KOSDAQ:A019210) announced a private placement of 1,085,966 shares of redeemable convertible preferred stock at KRW 11,050 per share for gross proceeds of KRW 11,999,924,300 on March 6, 2015. The company will issue 542,983 shares of redeemable convertible No. 3 preferred stock and 542,983 shares of redeemable convertible No.

4 preferred stock in the transaction. The securities being issued carry a par value of KRW 500 per share. The transaction will involve participation from IBK Capital Corporation, Industrial Bank of Korea, Synergy Partners Co., Ltd., which will invest KRW 2,999,986,600 each, Eugene investment & Securities Co., Ltd., Investment Arm, which will invest KRW 1,999,983,700, and Shinhan Investment Corp., Investment Arm, which will invest KRW 999,980,800 in the transaction.

The transaction will take place through third party allotment. The transaction has been approved by its board of directors. Payment date for the transaction is March 9, 2015.