W-SCOPE HUNGARY PLANT Kft announced that it will receive KRW 99,927,100,000 in a round of funding from existing investor W-Scope Chungju Plant Co., Ltd. on February 5, 2024. The company will issue common stock in the transaction. The transaction is expected to close on June 30, 2024.

post closing the transaction investor will retain its 100% stake. The transaction has been approved by the board of directors of investor.