Mitsui Chemicals & Skc Polyurethanes Inc. announced a placement of 355,191 common shares at an issue price of KRW 53,065 per share for gross proceeds of KRW 18,848,210,415 on November 23, 2023. The transaction will include participation from returning investor, SKC Co., Ltd. for 355,191 shares for post-investment stake of 100%. The transaction has been approved by board of directors of the company.

The method of capital increase is through shareholder allocation. The transaction is expected to close on December 22, 2023.