Doosan Infracore Co., Ltd. announced a private placement to issue minimum of 27,171,584 common shares and maximum of 32,605,900 common shares for minimum gross proceeds of CNY 18,884,300,000 and maximum gross proceeds of CNY 22,661,100,000 on September 10, 2021. The transaction will include participation from returning investor, Hyundai Genuine Co., Ltd. The transaction is expected to close on December 16, 2021.