Singgreen Fs Co., Ltd. announced a private placement of 120,000 common shares at an issue price of KRW 50,000 per share for gross proceeds of KRW 6,000,000,000 on May 9, 2022. The transaction will includes participation from HARIM Co., Ltd. for 100 stake, upon completion. The company will issue shares to existing investors thought capital increase method.

The transaction was approved by the board of directors of the company. The transaction is expected to close on May 17, 2022. The shares issued in the transaction have a face value of KRW 5,000.