CUROHOLDINGS Co., Ltd. (KOSDAQ:A051780) announced a private placement of 15th unregistered coupon unsecured private convertible bond of KRW 2,400,000,000 on July 24, 2019. The transaction included participation from Kidae Kwon for KRW 1,200,000,000 and Gihwan Kwon for KRW 1,200,000,00. The bonds carry a rate of interest of 8%. The bonds will mature on July 24, 2022. The bonds are 100% convertible into 12,638,230 shares of the company at a conversion price of KRW 633 per share which represents 16.62% stake in the company. The conversion period starts from July 24, 2020 and ends at June 24, 2022. The transaction has been approved by the board of directors of the company.