Skin n Skin Co., Ltd. (KOSDAQ:A159910) announced a private placement of 12,612,611 common shares at a price of KRW 555 per share for gross proceeds of KRW 6,999,999,105 on March 22, 2018. The transaction will involve participation from new investor Izien Holdings Co., Ltd for 7,207,207 shares, SS Motis Co., Ltd for 3,603,603 shares and Medipi Co., Ltd for 1,801,801 shares . 7,207,207 shares will be issued on April 5, 2018 and the remaining 5,405,404 shares will be issued on April 16, 2018.

The common shares will be issued at par. The company will issue the common shares by a way of third party allotment. The shares to be issued in the transaction will be subject to a hold period of 1 year from the date of closing.

The transaction has been approved by the board of directors of the company.