Saebit E&C Co.,Ltd. announced a private placement of 200,000 shares at an issue price of KRW 50,000 for a gross proceeds of KRW 10,000,000,000 on January 3, 2023. The transaction included will participation of existing investor IS DongSeo Co., Ltd. (KOSE:A010780). The company issued shares through third party allocation method.

The transaction is expected to close on January 13, 2023. The transaction has been approved by the board of directors of the company.