Pt. Kahoindah Citragarment announced that it will issue 24,000 shares at an issue price of KRW 1,299,800 per share for gross proceeds of KRW 31,195,200,000 on July 1, 2022. The transaction will include participation from returning investor, Hwasung Industrial Co., Ltd. The transaction was approved by the board of directors.

The company will follow 3rd party allocation increase method. The transaction is expected to close on December 31, 2022.