Ty Construction Co., Ltd. announced that it will issue 450,000 common shares at an issue price of KRW 10,000 for gross proceeds of KRW 4,500,000,000 on August 26, 2022. The transaction will include participation from IS DongSeo Co., Ltd. to acquire 100% stake in the company. The transaction is raised through shareholder allocation method.

The transaction is expected to close on August 31, 2022. The transaction has been approved by the board of directors.