Myoung Shin Co., Ltd announced a private placement of 591,112 common shares at the price of KRW 45,000 per share for gross proceeds of KRW 26,600,040,000 on July 19, 2021. The transaction will include participation from returning investor MS Autotech Co.,Ltd. The company will issue shares of par value of KRW 5,000 per share through third party allocation method. Post closing, the total number of shares issued will increase from 1,889,990 shares to 2,481,102 shares. The transaction has been approved by board of directors of the company.