Samkee Automotive Co., Ltd. (KOSDAQ:A122350) announced a private placement for 6,060,609 registered convertible preferred stock at a price of KRW 2,970 per share for gross proceeds of KRW 18,000,008,730 on April 25, 2018. The transaction will include participation from Brain KOSDAQ Venture Hedge Fund 1 for 505,050 shares, Brain Hedge Fund 18 for 673,401 shares, Brain SK Hedge Fund 21 for 1,178,452 shares, Brain KOSDAQ Venture Securities Investment Trust (stock balanced) for 673,401 shares. The subscription date is April 27, 2018. The preferred shares are convertible between April 27, 2019 to April 26, 2023. All securities issued are subject to a 12 month hold period. The shares will be issued through a third party allotment method.