Hyudai Future Partners Co., Ltd.announced a private placement of 260,000 shares at the price of KRW 100,000 per share for gross proceeds of KRW 26,000,000,000 on July 23, 2021. The transaction will include participation from returning investors Hyundai Heavy Industries Holdings Co., Ltd. The shares will be issued at premium rate of 1900%. having a face value of shares is KRW 5,000 per share. The method of issuance is third party allotment. The board of directors of the company has approved the transaction. The transaction is expected to close on July 26, 2021. The securities are issued through share allocation method.