Gyeonggi Pyeongtaek Global Co., Ltd. announced a private placement of 1,330,000 common shares at a price of KRW 5,000 for the gross proceeds of KRW 6,650,000,000 on May 31, 2021. The company raised funding through shareholder allocation method. The transaction is expected to close on June 7, 2021.

The transaction has been approved by board of directors of the company.