KH E&T Co., Ltd. announced a private placement of 1,321,586 common shares at an issue price of KRW 1,135 per share for gross proceeds of KRW 1,500,000,110 on December 2, 2021. The transaction will involve participation from returning investor JangWonTech Co., Ltd. The shares will be issued through third party allotment, will carry a face value of KRW 100. The shares have a hold period of one year.

The transaction is expected to close on December 10, 2021. The schedule listing date of the shares will be December 27, 2021. The transaction was approved by the board of directors of the company.