The Saem International Co.,Ltd. announced a private placement of 600,000 common shares at a price of KRW 5,000 per share for gross proceeds of KRW 3,000,000,000 on December 15, 2021. The transaction will include participation from returning investor, Hankook Cosmetics Co., Ltd. to retain 100% stake in the company. Post to the transaction, the investor will hold 2,434,000 shares.

The transaction is expected to close on December 20, 2021 and has been approved by board of directors of the company.