On December 18, 2020, ESM Co.,Ltd (KOSDAQ:A056000) closed the transaction. The company amended the terms of the transaction. The company issued bonds for gross proceeds of KRW 10,100,000,000 in the transaction.

The bonds will mature on December 18, 2023. The bonds will bear 4% fixed coupon rate and 4% yield to maturity rate. The transaction included participation from Nano Chem Tech Inc. The bonds will be convertible into 3,962,338 shares at a conversion price of KRW 2,549.

The conversion period will start from December 18, 2021 and end on November 18, 2023. The transaction got approved by the board of directors of the company.