DuChemBIO Co.,Ltd. (XKON:A176750) announced a private placement of 324,320 convertible preferred shares at KRW 9,250 per share for gross proceeds of KRW 2,999,960,000 on December 11, 2018. The transaction will include participation from Hanyoung Innovation Fund 1. The shares will be issued through a third party allotment method. Post the closing, the number of shares issued will increase 887,160 to 1,211,480. The shares have a face value of KRW 500 and are issued at premium. The preferred shares are convertible into common shares from December 20, 2018 to December 20, 2028. The payment date is December 19, 2018. The transaction has been approved by the board of directors of the company.