PCL, Inc. announced a private placement of 2,638,522 common shares having face value of KRW 500 per share, at an issue price of KRW 3,790 per share for the gross proceeds of KRW 9,999,998,380 on December 15, 2023. The transaction will include participation from new investor GEM Global Yield Fund LLC SCS, a fund managed by Global Emerging Markets. The transaction has been approved by board of directors of the company.

The company will issue shares through third party allocation capital increase. The transaction is expected to close on December 26, 2023. All the securities issued in the transaction will subject to a hold period of one year.

The total number of shares issued prior to transaction are 51,528,708 shares.