Heng Sheng Holding Group Limited announced a private placement of 3,344,481 common shares at a price of KRW 299 per share for the gross proceeds of KRW 999,999,819 on April 7, 2023. The transaction will include participation from Below Investment Co., Ltd. The company will issue shares through third-party allotment. The transaction has been approved by the board of directors of the company.

The transaction is expected to close on April 17, 2023.