PCL, Inc. announced a private placement of 1,163,555 common shares at an issue price of KRW 10,365 per share for the gross proceeds of KRW 12,060,247,575 on December 12, 2022. The transaction has been approved by shareholders of the company. The shares are allotted through third-party allotment method.

The transaction is expected to close on December 12, 2022.