Zenisce Co., Ltd. announced a private placement of 37,800 shares at an issue price of KRW 119,048 per share for the gross proceeds of KRW 4,500,014,400 on November 28, 2019. The transaction will include participation from returning investor LG Household & Health Care Ltd. (KOSE:A051900). The company will raise the funding through third party capital increase. The shares have a face value of KRW 5,000. The transaction has been approved by the board of directors of the investor. The transaction is expected to close on December 16, 2019. Post to the transaction, the investor will hold 77.25 stake in the company.