XI Mechanics Co., Ltd. announced a private placement of 960,000 common shares at a price of KRW 5,000 per share for gross proceeds of KRW 4,800,000,000 on December 29, 2023. The transaction will include participation from returning investor GS Engineering & Construction Corporation to retain 100% stake in the company. The transaction has been approved by the board of directors of the company.
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- XI Mechanics Co., Ltd. announced that it expects to receive KRW 4.8 billion in funding from GS Engineering & Construction Corporation