Skin n Skin Co., Ltd. (KOSDAQ:A159910) announced a private placement of 7,434,944 shares at a price of KRW 538 per share for gross proceeds of KRW 3,999,999,872 on April 15, 2019. The transaction will include participation from Art Flash Co., Ltd. through third party allotment. The shares will be issued at premium to par value of KRW 100 per share. The securities being issued are subject to a hold period of 1 year. Upon closing, the number of shares will increase from 115,372,497 shares to 122,807,441 shares. The transaction was approved by the board of directors of the company. The transaction is expected to close on June 14, 2019.