Hyunwoo Industrial Co., LTD (KOSDAQ:A092300) announced a private placement of series 3 non-guaranteed private equity convertible bonds with bearer interest for gross proceeds of KRW 10,000,000,000 on October 21, 2020. The bonds are zero coupon bonds with a interest rate to maturity of 1% and will mature on October 22, 2024. The bonds are 100% convertible into 3,197,953 shares at a conversion price of KRW 3,127 per share. The conversion period of the bonds will start on October 22, 2021 and end on September 22, 2024. The transaction will include participation from SUSUNG ASSET MANAGEMENT Co., Ltd. for KRW 2,000,000,000, Suseong KOSDAQ Venture M4 Specialized Investment Private Equity Investment Trust and Suseong KOSDAQ Venture M2 Professional Investment Private Equity Investment Trust, funds managed by Mirae Asset Daewoo Co., Ltd., Investment Arm for KRW 1,000,000,000 each, Suseong KOSDAQ Venture M5 Professional Investment Private Equity Investment Trust, a fund managed by Korea Investment & Securities Co., Ltd., Investment Arm for KRW 1,000,000,000, Suseong KOSDAQ Venture M6 Specialized Investment Private Equity Investment Trust, a fund managed by KB Securities Co., Ltd., Investment Arm for KRW 2,500,000,000, Suseong Multi Asset Specialized Investment Private Equity Investment Trust No. 5, a fund managed by Samsung Securities Co. Ltd., Investment Arm for KRW 500,000,000, Ace Susung New Technology Fund 10 for KRW 1,000,000,000 and Hanyang Securities Co., Ltd., Investment Arm for KRW 1,000,000,000. The transaction has been approved by the board of directors of the company. The bonds are subject to prohibition of conversion and division of rights for one year from the date of issue. The subscription date and payment date of the transaction is October 22, 2020.