Daon E&C Co. Ltd announced that it will issue 30,000 common shares at a price of KRW 10,000 per share for gross proceeds of KRW 300,000,000 on November 8, 2021. The capital will be raised through shareholder allocation method.

The transaction will include participation from IS DongSeo Co., Ltd. to acquire 100% stake in the company. The transaction has been approved by the board of directors.