Sincetimes Co., Ltd. (KOSDAQ:A056000) announced a private placement of 2,373,887 common shares of par value KRW 500 at a price of KRW 5,055 per share for gross proceeds of KRW 11,999,998,785 on March 2, 2020. The transaction will include participation from Abby Partners. The transaction has been approved by the board of directors of the company. The date of payment for shares is April 30, 2020. The shares that are being issued are subject to a hold period of 1 year.