[E-Daily Reporter Park Jung-Soo ] NUIN TEK CO., LTD(012340)announced on the 14th that it has decided to conduct a third-party private placement worth approximately 3 billion won. The recipient of the third-party allocation is CEO Jang Ki-soo, the company’s largest shareholder. Regarding the selection process, the company stated, “The selection was made by considering the investor’s intent, payment capacity, and timing in order to achieve the company’s business objectives and secure funds promptly.” A total of 3,344,481 common shares will be issued, with an issue price of 897 won per share. The funds raised through the capital increase are scheduled to be used as working capital (for the purchase of raw materials and general expenses, etc.). The new shares are scheduled to be listed on August 4.