Fine Semitech Corp. (KOSDAQ:A036810) announced a private placement of 1,522,975 common shares at a price of KRW 28,240 per share for gross proceeds of KRW 43,008,814,000 on March 2, 2021. The transaction will include participation from Samsung Electronics Co., Ltd. (KOSE:A005930) through third-party allotment.

The transaction has been approved by the board of directors of the company. The payment date of the transaction is March 16, 2021. All the securities to be issued are subject to a hold period of one year.