HS Ad Inc announced a private placement of 500,000 common shares at a price of KRW 20,000 per share for gross proceeds of KRW 10,000,000,000 on February 20, 2018. The transaction will include participation from existing investor, GIIR Inc. (KOSE:A035000) to maintain 100% stake in the company. The shares are issued at 0.0942196 number of new shares allocated per 1 existing share. The payment date is March 28, 2018. The transaction was approved by the board of directors of the company. The scheduled subscription date start from March 28, 2018 to end date March 28, 2018.