Natural Food & Pharmaceuticals Corp announced a private placement of 120,000 common shares at a price of KRW 50,000 per share for gross proceeds of KRW 6,000,000,000 on August 24, 2016. The transaction will include participation from existing investor NS Shopping Co., Ltd. (KOSE:A138250). The investment date is August 25, 2016.

The transaction has been approved by the board of directors of the investor. Post the closing; the investor will have a total of KRW 8,000,000,000 investment in the company.