Hwashin Georgia Corporation announced a private placement of 20,000 shares for KRW 1,377,900 per share for a gross proceeds of KRW 27,558,000,000 on June 11, 2024. The transaction will include participation from returning investor, HWASHIN CO.,Ltd. The company issued shares through cash acquisition method. The investment will be made in several installments.

The transaction is expected to close on December 31, 2024. The transaction has been approved by the board of directors of the company.