Duckyang America INC announced that it will issue 100,000 shares at a price of KRW 11,877 per share for gross proceeds of KRW 1,187,700,000 on December 1, 2021. The transaction will include participation from existing investor Duckyang Ind. Co., Ltd. to retain its 100% stake.

The transaction is expected to close on December 3, 2021.