Dongbuk Lrt announced a private placement of 1,274,560 shares at a price of KRW 5,000 per share for gross proceeds of KRW 6,372,800,000 on October 13, 2020. The company will issue the shares at par. The transaction will include participation from returning investor Hyundai Rotem Company (KOSE:A064350) who will subscribe for 281,726 shares for KRW 1,408,630,000 and other investors. The company is raising funding through shareholder allocation increase method. The transaction was approved by the board of directors of the company. The payment and subscription date of transaction is November 05, 2020.