KUKBO Logistics Co., Ltd. announced a private placement to issue 2,102,607 common shares at an issue price of KRW 2,378 for the gross proceeds of KRW 4,999,999,446 on March 7, 2024. The transaction will include participation from returning investor M Real Estate Growth No. 1 Investment Purpose Limited Company for 2,102,607 common shares.

The transaction has been approved by the shareholders of the company and is expected to close on March 15, 2024. The securities are restricted to a hold period of 1 year.