THN Auto Parts Manufacturing Brasil S.A. announced a private placement of 174,769,496 common shares at an issue price of KRW 213.38 per share for gross proceeds of KRW 37,292,315,056.48 on November 23, 2021. The transaction will involve participation from existing investor, THN Corporation. Post-closing of the transaction, the investor will retain its 95.38%stake in the company. The transaction has been approved by the board of directors of the company.