Huons Co., Ltd. (KOSDAQ:A243070) announced private placement of round unregistered coupon nonguaranteed private convertible bonds for gross proceeds of KRW 50,000,000,000 on November 11, 2020. The transaction will include participation from new investors like KB Securities Co., Ltd., Investment Arm for KRW 5,500,000,000, Korea Investment & Securities Co., Ltd., Investment Arm for KRW 10,000,000,000, Eugene Investment & Securities Co.,Ltd. (KOSE:A001200) for KRW 14,000,000,000, Now M&A Investment Fund No. 1 for KRW 5,000,000,000, Rhinos-Meritz 2 New Technology Business Fund for KRW 500,000,000, Kingo Bio Growth No.

1 Fund for KRW 2,000,000,000, Shinhan Financial Investment Co., Ltd for KRW 2,000,000,000, NH Investment & Securities Co., Ltd., Investment Arm, KEB Hana Bank, Mirae Asset Daewoo Co., Ltd., Investment Arm, Nongshim Capital Co., Ltd., Investment Arm for KRW 1,000,000,000 each, Samsung Securities Co. Ltd., Investment Arm for KRW 3,000,000,000, Woori Bank Co., Ltd., Investment Arm, Kiwoom Securities Co., Ltd., Investment Arm for KRW 2,000,000,000 each. The bonds are 100% convertible into 813,000 shares at a fixed conversion price of KRW 61,500 per share.

The bonds does not bear any interest and will mature on November 13, 2025. The conversion period of bonds will start from November 13, 2021 till October 13, 2025. The subscription date is November 13, 2020 and expected closing date is on November 13, 2020.

The transaction has been approved by the board of directors of the company. The securities issued shall have lock in period of 1 year from issuance.