Medip MEDIPOST CDMO Co., Ltd. announced that it will issue 600,000 shares at a price of KRW 50,000 for gross proceeds of KRW 30,000,000,000 on April 23, 2024. The transaction will include participation from returning investor MEDIPOST Co., Ltd. for KRW 30,000,000,000. The company will raise money via cash acquisition.

The transaction is expected to close on April 24, 2024. This has been approved in the board of directors of the MEDIPOST Co., Ltd.