Haengnam Household & Health Care, Inc. (KOSDAQ:A008800) announced a private placement of 13,964,779 shares at a price of KRW 1,647 per share for the gross proceeds of KRW 22,999,991,013 on March 8, 2018. The transaction will include participation from Mark II Investment for 6,071,645 shares, Mark I Investment Co., Ltd. for 3,035,822 shares, Hoyeol Jung, Chief Operating Officer of the company, Jiman Park, Jinsung Kim, Hyeyeon Choi, Yoonki Cho, Jaeyong Lee for 607,164 shares each, JIHN YOUNG KIM for 425,015 shares and Sanghee Ko, Hyukju Woo for 303,582 shares, Kyungyeon Lee for 182,149 shares. The shares issued have a face value of KRW 500 per share. The shares are allotted by way of third party allotment method. The transaction is expected to close on May 8, 2018. The shares issued have a lock up period of one year. The transaction has been approved by the board of directors of the company. On the same date, the company announced 14th series unregistered unguaranteed private convertible bonds for gross proceeds of KRW 10,000,000,000. The bonds will carry a coupon rate of 3% and yield to maturity of 4%. The bonds are 100% convertible into common shares at a fixed price of KRW 1,953 per share from May 15, 2019 to April 15, 2021. The maturity date of bonds is May 15, 2021. The payment date is May 15, 2018.