PCL, Inc. announced a private placement to issue 2,509,410 common shares at a price of KRW 3,985 for the gross proceeds of KRW 9,999,998,850 on December 21, 2023. The transaction will include participation from a returning investor, GEM Global Yield Fund LLC SCS managed by Global Emerging Markets. The company will issue shares through third-party allotment.

The transaction is expected to close on December 29, 2023. The transaction has been approved by the board of directors of the company.