SBW, Inc. (KOSE:A102280) announced that it will issue 8,376,536 shares at a price of 565 per share for gross proceeds of KRW 4,732,742,840 on August 10, 2020. The transaction will include participation from returning investor, KANGLIM Co., Ltd. (KOSDAQ:A014200). The transaction is expected to close by August 19, 2020.

The transaction has been approved by the board of directors.