Chemtros Co., Ltd. announced a private placement of series 5 bearer-bearing non-guaranteed private placement non-separable convertible bonds with warrants for the gross proceeds of KRW 35,000,000,000 on April 29, 2024. The transaction will include participation from new investor Nohnpartners Co. Ltd. The bonds carry a coupon rate of 0% and maturity rate of 4% and will mature on June 28, 2034.

The bonds are fully convertible into 5,065,123 common shares at a conversion price of KRW 6,910 per share from June 28, 2025 to May 28, 2034. The transaction has been approved by the shareholders of the company and is expected to close on June 28, 2024. The bonds are restricted to a hold period of 1 year.