Dongbuk Lrt announced that it will issue 4,451,800 common shares at a price of KRW 5,000 per share for gross proceeds of KRW 22,259,000,000 on July 18, 2019. The transaction will include participation from returning investors Hyundai Engineering Co., Ltd for 1,424,600 shares, Hyundai Rotem Company (KOSE:A064350) for 983,800 shares, Kumho Industrial Co., Ltd. (KOSE:A002990) for 774,600 shares, Kolon Global Corporation (KOSE:A003070) for 467,400 shares, Hoban Construction Co., Ltd. for 467,400 shares, and Daemyung Construction Co. Ltd. for 334,000 shares.

The company will issue shares through third-party allotment. The transaction has been approved by the board of directors of the company and Hyundai Engineering Co., Ltd., and is expected to close on July 31, 219.