SKPINX Co.,Ltd. announced a private placement of 500,000 shares at KRW 100,000 per share for gross proceeds of KRW 50,000,000,000 on February 6, 2017. The transaction will include participation from returning investor SK Networks Company Limited (KOSE:A001740). The shares are issued at par. The shares issued have a face value of KRW 10,000 per share. The company will provide 0.333333 new shares per one existing share to the shareholders. The transaction is expected to close on February 21, 2017. The board of directors of the company have approved the transaction.