Jawonmedical. Co. Ltd announced a private placement of 122,844 registered redeemable convertible preferred shares at KRW 55,000 per share for gross proceeds of KRW 6,756,420,000 on November 13, 2015.

MUST Holdings Inc. will subscribe to 63,636 shares. Yitai Partners LTD. will subscribe to 47,268 shares. Timefolio Co.,Ltd. will subscribe to 9,090 shares.

The round will include participation from the Chief Executive Officers and internal director of the company. The shares will carry voting rights. The company will issue shares through third party allotment.

Each security to be issued will have a par value of KRW 500. The payment date for the transaction is November 30, 2015. The transaction was approved by the board of directors of DIOTEK Co., Ltd.