HAISUNG TPC Co., Ltd announces private placement of series 2 unsecured private convertible bonds for a principal amount of KRW 8,000,000,000 on February 8, 2024. The bonds bear coupon rate 2% and Yield to maturity 3%. The bonds will mature on April 16, 2027.

The bonds will be convertible into 641,797 shares at a conversion price of KRW 12,465 per share. The transaction is expected to close on April 16, 2024. The transaction has been approved by the board of the company.

The transaction will include participation from HS Growth No. 2 Association for KRW 8,000,000,000.