DBC Co.,Ltd. announced a private placement of 5,259,600 shares at a price of KRW 50,000 per share for gross proceeds of KRW 262,980,000,000 on May 26, 2017. The shares being issued have a par value of KRW 5,000 per share. The shares will be issued through third party allotment.

The transaction has been approved by the board of directors of the company. The transaction will be completed in two tranches. The company will issue 2,143,600 shares in its second tranche on June 1, 2017.

The second tranche include participation from existing investor Doosan Corporation (KOSE:A000150) for 601,720 shares, new investors Doosan Heavy Industries & Construction Co., Ltd. (KOSE:A034020) for 940,180 shares, Doosan Infracore Co., Ltd. (KOSE:A042670) for 376,060 shares, Doosan Engine Co., Ltd. (KOSE:A082740) for 112,820 shares, and Han Comm, Inc. for 112,820 shares.