Hansung Cleantech Co., Ltd. announced a private placement of Series 33 bearer-bearing interest-bearing unsecured private placement convertible bonds for the gross proceeds of KRW 7,000,000,000 on November 17, 2023. The transaction will include participation from new investors E-SET Global Co., Ltd. for KRW 3,000,000,000, KB Securities Co., Ltd. for KRW 3,700,000,000 and Mirae Asset Securities Co., Ltd. for KRW 300,000,000. The transaction has been approved by the board of directors of the company and is expected to close on November 24, 2023.

The bond bears 0% interest rate and 3% maturity rate and will mature on November 24, 2028. The bonds are 100% convertible into 3,789,929 shares at a fixed conversion price of KRW 1,847 per share from November 24, 2024 to October 24, 2028. The bonds are restricted to a hold period of one year.