CKH Food & Health Limited announced a private placement and it will issue 31,866,106 common shares at an issue price of KRW 153 per share for gross proceeds of KRW 4,875,514,218 on June 16, 2023. The transaction will include participation from new investor, Below Investment Co., Ltd. for 6,535,947 common shares, and new individual investors, WANG PENGFEI for 5,845,421 common shares and LIU HUAN for 19,484,738 common shares. The company will receive funding through third party allocation method. The first payment date for the transaction is June 26, 2023, and second payment date for the transaction is July 5, 2023. The common shares to be issued will have a hold period of one year. The transaction is approved by the board of directors of the company.

On June 28, 2023, the company announced that the expected date of listing of new shares is July 31, 2023.