East Asia Holdings Investment Limited announced a private placement of 17,949,895 common shares at a price of KRW 268 per share for gross proceeds of KRW 4,810,571,860 on July 8, 2022. The company will receive funding through third party allotment of capital. The transaction has been approved from board of directors of the company.

The transaction is expected to close on July 18, 2022. The total number of shares issued prior to transaction are 201,982,155 shares. All securities issued in the transaction have a hold period of one year.