Kang Stem Biotech Co., Ltd. (KOSDAQ:A217730) announced a private placement of 137,255 common shares at a price of KRW 10,200 per share for gross proceeds of KRW 1,400,001,000 on April 20, 2017. The transaction included participation from new individual investor Park, Youngchan. The shares will be issued at a premium. Post the closing of the transaction the shares will increase from 14,256,650 to 14,393,905. The shares will be issued through a third party allotment method. The payment date of the transaction is April 28, 2017. The securities being issued are subject to a lock up period of 1 year. The transaction has been approved by the board of directors of the company.