DB Lightec Co., Ltd. (KOSDAQ:A045890) announced a private placement for aggregate gross proceeds of KRW 41,400,000,100 on October 26, 2018. The company will issue 7,882,353 common shares at KRW 1,700 per share for gross proceeds of KRW 13,400,000,100 and 6th series unregistered coupon unguarded convertible bonds for gross proceeds of KRW 28,000,000,000. The bonds will be issued to Baekdu Bio fund 1 and Baekdu Bio fund 2 for gross proceeds of KRW 14,000,000,000 each. The bonds will be issued at 3% fixed coupon rate and 3% yield to maturity. The maturity date of bonds is January 8, 2022. The bonds can be 100% converted into 14,000,000 common shares of the company at a fixed conversion price of KRW 2,000 per share. The conversion period is from January 8, 2020 to December 8, 2021. The subscription and payment dates of bonds are October 26, 2018 and January 8, 2019 respectively. The payment date of common shares is December 14, 2018. The shares will have a hold period of 12 months from the date of issuance. The transaction has been approved by board of directors of the company. The bonds will be issued at par.