DuChemBIO Co.,Ltd. (XKON:A176750) announced a private placement of 108,695 shares of convertible preferred stock of par value KRW 500 issued at KRW 9,200 per share for gross proceeds of KRW 999,994,000 on September 19, 2018. The transaction will include participation from returning investor Korea Investment & Securities Co., Ltd., Investment Arm. The shares are issued through a third party allotment method. The preferred stock is convertible into common shares of the company at a conversion ratio of 1:1. The conversion period is from October 3, 2018 to October 3, 3028. The transaction is expected to close by October 2, 2018. The transaction has been approved by the board of directors of the company.