Sozhou Sang-A Frontec Co.,Ltd. announced that it will receive KRW 10,226,000,000 in equity funding on June 10, 2014. The transaction will involve participation from new investor, Sang-A Frontec Co., Ltd. The transaction will take place in tranches. The investment will be made in combination of cash and kind.

The transaction has been approved by the board of directors of the company. The transaction is expected to close by June 30, 2015. The company reported total assets of KRW 1,656,000,000, total liabilities of KRW 408,000,000, total stockholders' equity of KRW 1,248,000,000, capital of KRW 1,419,000,000, revenue of KRW 21,000,000, and net loss of KRW 171,000,000 for the year ending December 31, 2013.