SC Engineering Co., Ltd announced a private placement of 9,888,751 shares at a price of KRW 809 per share for gross proceeds of KRW 7,999,999,559 on October 27, 2021. The shares carries a par value of KRW 500. The company is raising funding through third party allocation increase.

The transaction has been approved by the board of directors of the company. The payment date of the transaction is January 25, 2022.