Hwashin Georgia Corporation announced a private placement of 30,000 shares for a gross proceeds of KRW 40,161,000,000 on August 23, 2023. The transaction wll include participation from returning investor, HWASHIN CO.,Ltd. The company issued shares through cash acquisition method. The investment will be made in several installments.

The transaction is expected to close on October 15, 2024. The transaction has been approved by the board of directors of the company.