Sambu Construction Co., Ltd. announced a private placement of 7,751,937 common shares at a price of KRW 3225 per share for gross proceeds of KRW 24,999,996,825 on June 22, 2023. The transaction will include participation from existing investor DYD Co., LTD for 7,751,937 shares. The securities issued in the transaction are subject to hold period of one year.

The shares will be issued through 3rd party allocation. The company is expected to close the transaction on June 30, 2023.