Neh Co.,Ltd. announced that it will issue 2,314,000 common shares at an issue price of KRW 50,000 per share for gross proceeds of KRW 115,700,000,000 on February 23, 2024. The transaction includes participation from returning investor Posco International Corporation. The transaction has been approved by the board of directors of the investor.

The transaction is expected to close on March 28, 2024. The investor invested KRW 379,595,000,000 in the company till date. After completion of the transaction the investor will hold 100% stake in the company.