SOOSAN ENESOL Co., Ltd. announced a private placement of 411,399 common shares at a price of KRW 5,000 each for gross proceeds of KRW 2,056,995,000 on September 3, 2021. The transaction included participation from returning investor SOOSAN INT Co., Ltd. The transaction has been approved by the board of directors of the company. Post closing of the transaction, SOOSAN INT Co., Ltd. will hold an equity stake of 66.35%.

The transaction is expected to close on September 13, 2021.