FutureChem Co.,Ltd (KOSDAQ:A220100) announced a private placement of 2nd series of unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 30,000,000,000 on March 26, 2018. The transaction included participation from Brain Private Fund for KRW 10,000,000,000, Nau Growth Capital PEF, a fund managed by Nau IB Capital, Investment Arm for KRW 10,000,000,000, Aion Hedge Fund, for KRW 5,000,000,000, and NH Bio No. 1 New Technology Fund for KRW 5,000,000,000. The bonds will mature on March 29, 2023. The bonds are fully convertible into 1,334,519 common shares at a conversion price of KRW 22,480 per share conversion period of March 29, 2019 to February 28, 2023. The transaction was approved by board of directors of the company. The transaction is expected to close on March 29, 2018.