PT. Hoga Reksa Garment announced that its will issue 16,000 common shares at an issue price of KRW 1,299,800 per share for gross proceeds of KRW 20,796,800,000 on July 1, 2022. The transaction will include participation from returning investor Hojeon Limited.

The payment date is December 31, 2022. The transaction has been approved by the board of directors. The company will issue securities through third-party allocation capital increase method.