Doosan Heavy Industries & Construction Co., Ltd. announced a private placement of 82,872,900 shares at an issue price of KRW 16,000 per share for gross proceeds of KRW 1,325,966,400,000 on January 19, 2022. The transaction will include participation from returning investor Doosan Corporation for 18,222,047 shares to hold 36.89% stake upon completion. The transaction has been approved by the board of directors of the company. The company is funding through capital increase method.