KUKBO Logistics Co., Ltd. announced a private placement to issue 182,016 shares at an issue price of KRW 2,747 for the gross proceeds of KRW 499,997,952 on February 14, 2024. The transaction will include participation from new individual investor Chanha Park for 182,016 shares. The transaction has been approved by the shareholders of the company and is expected to close on February 22, 2024.

The securities are restricted to a hold period of 1 year.