Trabio Co., Ltd. announced that it has signed an agreement with returning investor Shinpoong Paper Mfg. Co., Ltd for a private placement of 224,004 shares on December 21, 2022. The transaction is expected to close on December 23, 2022.

The shares will be issued pursuant to third-party allotment method. The transaction has been approved by the board of directors of the company. The investor will retain 70% stake in the company.