GeumVit Corp (KOSDAQ:A045890) announced a private placement of series 8 non-guaranteed private equity convertible bond for gross proceeds of KRW 4,499,910,000 on April 14, 2020. The transaction included participation from Seungcheol Shin for KRW 1,900,020,000, Seonggang Hyun for KRW 184,320,000, For window for KRW 183,960,000, Jongwon Lim for KRW 111,960,000, Su-cheol Shin for KRW 429,000,000, Lee Jang Jae for KRW 390,000,000, Jung Tae Kim for KRW 312,000,000, Yongho Park for KRW 146,250,000, Seongmin Chun for KRW 146,250,000, Jongmin Park for KRW 136,500,000, Bae Yoon Sung for KRW 84,825,000, Seongcheol Choi for KRW 84,825,000, and Allowable number for KRW 390,000,000. The bonds will expire on April 14, 2023. The bonds carry zero coupon rate of interest. The bonds are fully convertible into 2,387,220 common shares of the company at a conversion price of KRW 1,885 per share. The conversion period will start from April 14, 2021 and ends on March 14, 2023. The transaction has been approved by the board of directors of the company.