Kumho HT, Inc announced a private placement of 7,692,307 common shares at an issue price of KRW 650 per share for gross proceeds of KRW 4,999,999,550 on November 27, 2023. The transaction included participation from returning investor Eco Volt Co.,Ltd. for all shares in the transaction. The shares are issued at a par value of KRW 500 per share.

The transaction is expected to close on January 22, 2024, at Shinhan Bank Gwangju Corporate Finance Center. The share issued are subjected to one year holding period. The shares are issued through third-party capital Increase method.

The transaction was approved by the board of directors of the company.