Humax Co., Ltd. (KOSDAQ:A115160) announced a private placement of 12th series of domestic bearer interest non-guaranteed private convertible bonds for gross proceeds of KRW 4,000,000,000 on September 1, 2020. The transaction will include participation from IBKC-MGI New Growth Specialized Pre-IPO Fund, a fund managed by Maple Investment Partners, Hyosung Capital Co., Ltd., NH Absolute Triton Professional Investment Private Equity Trust from Samsung Securities Co.,Ltd. (KOSE:A016360), and NH Absolute Mezzanine Private Equity Investment Trust from Samsung Securities Co.,Ltd. (KOSE:A016360), for KRW 1,000,000,000 each. The bonds bear fixed coupon rate of 0% per annum and fixed interest rate to maturity of 0.0% per annum.

The bonds will mature on September 3, 2025. The bonds are 100% convertible into 790,513 shares at a fixed conversion price of KRW 5,060 per share, representing 2.88% of the total number of shares. The conversion period starts from September 3, 2021 and ends on August 3, 2025.

The subscription date is September 3, 2020. The company expects to close the transaction on September 3, 2020. The transaction has been approved by the company's board of directors.