PCL, Inc. announced a private placement of 224,483 common shares having face value of KRW 500 per share, at an issue price of KRW 13,364 per share for the gross proceeds of KRW 2,999,990,812 on December 21, 2022. The transaction will include participation from new investor Hyeopsim Co ., Ltd. The transaction has been approved by board of directors of the company. The common shares will be allotted through third-party allotment method.

The transaction is expected to close on December 29, 2022. All the securities issued in the transaction will subject to a hold period of one year.