Tony Moly (Qingdao) Co., Ltd. announced a private placement of common shares for gross proceeds of KRW 9,836,400,000 on October 25, 2019. The transaction will include participation from returning investor Tonymoly Co., Ltd (KOSE:A214420). The transaction has been approved by the shareholders of the company and board of directors of the investor. The transaction is expected to close on November 19, 2019.