CHEMTRONICS.CO.,Ltd. (KOSDAQ:A089010) announced a private placement of series 9 non-guaranteed private equity convertible bonds with domestic bearer interest for gross proceeds of KRW 25,000,000,000 on March 30, 2021. The transaction will include participation from new investors, Axis Ebest Trust New Technology Investment Association for KRW 15,000,000,000 and Daishin SKS Innovation PEF 2, a fund co-managed by Daishin Private Equity Co., Ltd. and SKS Private Equity. The bonds will be issued at par and do not carry any coupon have yield to maturity of 0% and would mature on April 1, 2026. The bonds are redeemable. The bonds are callable. The issuer is held by the bondholders every three months from April 1, 2022, which is 12 months from the issue date of this bond, to April 1, 2024, which is 36 months. The issuer or a third party designated by the issuing company may request the sale of part of the bonds being held, and the bondholders must sell the bonds held in accordance with this request to the buyer. The bonds will be fully convertible into 944,037 shares of the company at a fixed conversion price of KRW 26,482 from April 1, 2022 to March 1, 2026. The subscription and the payment dates are April 1, 2021. The transaction has been approved by the board of directors of the company.