Shinsegae Tomboy Inc. announced that it will issue 7,951,027 common shares at a price of KRW 969.057204811403 per share for gross proceeds of KRW 7,705,000,001 on May 8, 2024. The transaction include the participation from returning investor Shinsegae International Co., Ltd., will hold 93.78% in the company. The transaction is expected to close on June 26, 2024.

The investor will increase 10,319,917 shares and capital increase amount to KRW 10,000,000,000.