Dongbuk Lrt announced a private placement of 1,233,200 common share at an issue price of KRW 5,000 per share for the gross proceeds of KRW 6,166,000,000 on May 10, 2023. The transaction will include participation from returning investors, Macquarie Korea Infrastructure Fund managed by Macquarie Korea Asset Management Co., Ltd. for 616,600 shares, NongHyup Bank (IBK Dongbuk Lrt General Private Equity Special Asset Investment Trust) for 346,840 shares and NongHyup Bank (KIAMCO Dongbuk Lrt Private Equity Special Asset Trust (General)) for 269,760 shares. The transaction has been approved by the board of directors of the company.

The transaction is expected to close on May 26, 2023.