Samwoo Heavy Industry Co., Ltd. announced a placement of 4,361,023 common shares at an issue price of KRW 34,900 per share for gross proceeds of KRW 152,200,016,800 on January 22, 2024. The transaction will include participation from returning investor, Hanwha Ocean Co., Ltd. for 4,361,023 shares revising its stake from 96.990% to 98.510%. The transaction has been approved by board of directors of the company.

The expected date of payment is February 6, 2024. The method of capital increase is through third party allotment.