GMT Holdings Inc. announced that it will issue 31,204,000 common shares of par value KRW 500 per share, at an issue price of KRW 25,000 per share for gross proceeds of KRW 780,100,000,000 on January 18, 2022. The transaction will include participation from returning investor DTR Automotive Corporation. The company will raise the funding through shareholder allocation increase method.

Post closing, the investor will continue to hold 100% stake in the company. The transaction has been approved by the board of directors of the company, and is expected to close on January 25, 2022.