CJ CGV Co., Ltd. announced a private placement of 43,147,043 common shares at the price of KRW 10,300 per share for gross proceeds of KRW 444,414,550,069 on August 18, 2023. The transaction will include participation from returning investor CJ Corporation. The company will issue shares of par value of KRW 500 per share through third party capital increase method.

The shares will be locked up for a period of one year. Post closing, the total number of shares issued will increase from 47,730,420 shares to 90,877,463 shares. The transaction has been approved by board of directors of the company.