EO Technics Co., Ltd. (KOSDAQ:A039030) announced a private placement of 27,247 registered redeemable convertible preferred stock at a price of 73,400 per share for gross proceeds of KRW 1,999,929,800 on April 4, 2018. The transaction will include participation from new investor Shinhan Capital Co., Ltd. The securities are issued through 3rd party allotment method. The preferred shares will be redeemed between period of October 23, 2021 to March 23, 2023. The preferred shares will be convertible into common shares of the company between April 23, 2019 to March 23, 2023. The securities issue din the transaction will be subject to the lock in period for 1 year. The transaction has been approved from board of directors of the company. The payment date is April 23, 2018.