KC Cottrell Co., Ltd. announced a private placement to issue 12,733,857 shares at an issue price of KRW 1,380 for the gross proceeds of KRW 17,572,722,660 on March 6, 2024. The transaction will include participation from new investor KC Green Holdings Co., Ltd. for 12,733,857 shares. The transaction has been approved by the shareholders if the company and is expected to close on March 14, 2024.

The securities are restricted to a hold period.