Finotek Co.,Ltd. (XKON:A150440) announced a private placement of round 8 registered coupon private convertible notes for gross proceeds of KRW 5,000,000,000 on May 8, 2019. The coupon rate is 1% and yield to maturity is 8%. The maturity date of bonds is May 10, 2022. The bonds are 100% convertible into 550,055 common shares at a conversion price of KRW 9,090 from May 10, 2020 to May 9, 2022. The transaction has been approved by the board of directors of the company. The transaction will include participation from new investors Vogo KONEX High Yield Hedge Fund 2 for KRW 1,200,000,000; Vogo Alpha Plus Venture Capital Hedge Fund 2 for KRW 800,000,000; and Astra Venue Pre-IPO Hedge Fund 8 for KRW 3,000,000,000. The payment date is May 10, 2019.