Andar Co., Ltd. announced that it has issued 136,452 common shares at an issue price of KRW 51,300 per share for gross proceeds of KRW 6,999,987,600 on November 9, 2020. The transaction involved participation from new investor Hojeon Limited (KOSE:A111110) for 7.53% stake in the company. The company will raise funding through stock acquisition method. The transaction has been approved by the board of directors of the company.