SC Engineering Co., Ltd announced a private placement of 1,120,658 shares at a price of KRW 2,677 for gross proceeds of KRW 3,000,001,466 on December 21, 2021. The transaction will include participation from new investor Magna Plus Fund. The company is raising funding through third party allocation increase.

The payment date is December 29, 2021. The transaction has been approved by the board of directors of the company. The shares are subject to hold period of one year.