Eutilex.Co.,Ltd. (KOSDAQ:A263050) announced a private placement of 641,021 registered convertible preferred stock at a price of KRW 31,200 at a discount of 10 % each for gross proceeds of 19,999,855,200 on October 22, 2020. The transaction included participation from Assetone for 480, 767 shares, SUSUNG ASSET MANAGEMENT Co., Ltd. for 128,203 shares, Beyond Asset Management Co., Ltd. for 32,051 shares. The shares are issued under third party allocation increase. The preferred stock is convertible into 641,021 shares. The conversion of shares starts at October 30, 2021 and ends at October 30, 2030. The securities are subject to hold period of one year. The transaction was approved by board of director. The transaction is expected to close on October 30, 2020.