COSON Co., Ltd. (KOSDAQ:A069110) announced a private placement of round 16 non-guaranteed private equity convertible bonds with bearer interest for gross proceeds of KRW 11,480,950,000 on October 29, 2020. The transaction will included participation from Kim, Yoon-bae for KRW 2,742,100,000, Golden Apple Holdings Co., Ltd. for KRW 2,000,050,000, Kim, Hyeon-cheol for KRW 425,000,000, Seo, Chang-gil for KRW 850,000,000, Hyun Co., Ltd. for KRW 425,000,000, Daewon Investment Co., Ltd. for KRW 714,000,000, Jeon, Eung-sik for KRW 144,500,000, Lee, Kyung-eun for KRW 144,500,000, Lee, Seung-jun for KRW 272,000,000, Sehan MD Tech for KRW 1,889,550,000, Believe Association for KRW 874,650,000, Y2K Partners for KRW 816,850,000 and SY Media Group Co., Ltd. for KRW 182,750,000. The bonds carry no interest and yield to maturity and will mature on November 12, 2025. The bonds are 100% convertible into 2,047,975 common shares, representing 11.94% stake, at a conversion price of KRW 5,606 each. The conversion request period starts on November 13, 2021 and ends on November 12, 2025. The subscription date is November 2, 2020 and the payment date is November 13, 2020. The securities are having hold period of 1 year. The transaction has been approved by the board of directors of the company.