GMT Holdings Co., Ltd. announced a private placement of 4,809,267 common stock at an issue price of KRW 25,000 per share for gross proceeds of KRW 120,231,675,000 on August 24, 2021. The transaction involved participation from returning investor DTR Automotive Corporation. The shares issued have a par value of KRW 500 per share. The company raised funding through shareholder allocation increase method. The transaction has been approved by the board of directors of the company.