Sambark LFT Co.,Ltd announced that it will issue 120,000 common shares at an issue price of KRW 500,000 per share for gross proceeds of KRW 60,000,000,000 on April 25, 2024. The transaction will include participation from existing investor Lotte Chemical Corporation. The transaction has been approved by the board of directors of the company.

The company is expected to close the transaction on April 29, 2024.