Hojun Industrial "Acquires 7 Billion KRW Worth of Andar Shares... 7.5% Stake"

[Asia Economy Reporter Moon Hyewon]Hojun Industrial announced on the 9th that it will acquire 136,452 shares of Andar, a sportswear manufacturing and sales distribution company, for approximately 7 billion KRW.

After acquiring the shares, Hojun Industrial's stake in Andar will be 7.5%. The scheduled date for the share acquisition is the same day as the announcement.

Hojun Industrial stated that the purpose of this share acquisition is "business diversification and stable sales growth through expansion of the athleisure business, and creating synergy between the two companies."