Hyungji Elite Inc. (KOSE:A093240) announced a private placement of 6th unregistered private convertible bonds for gross proceeds of KRW 10,000,000,000 on June 4, 2021. The bonds will mature on June 8, 2026. The bonds will have yield to maturity of 1% per annum and will not bear any coupon rate. The bonds will be 100% convertible into common shares at a fixed conversion price of KRW 5,437 per share. The conversion period will be from June 08, 2022 to May 08, 2026. The subscription and payment date is June 08, 2021. The transaction will include participation from new investor BNK Securities Co., Ltd., Investment Arm for KRW 10,000,000,000. The transaction was approved by board of directors of the company.