Welcron Hantec Co.,Ltd. (KOSDAQ:A076080) announced a private placement of 3rd series unregistered and unsecured private convertible bonds for gross proceeds of KRW 4,000,000,000 on October 27, 2017. The transaction includes participations from Shinhan Investment Corp. for KRW 1,000,000,000, KB Securities Co.,Ltd for KRW 700,000,000, DB Financial Investment Co.,Ltd. (KOSE:A016610) for KRW 500,000,000, Industrial Bank of Korea (KOSE:A024110) for KRW 500,000,000, Korea Investment & Securities Co., Ltd. for KRW 500,000,000, Hanyang Securities Co.

Ltd. (KOSE:A001750) for KRW 300,000,000. The subscription and payment date for the transaction is October 30, 2017. The maturity date for the bonds is October 30, 2022.

The transaction has been approved by board of directors on October 27, 2017. The conversion price is KRW 3,585. The bonds will be convertible into 1,115,760 common shares of the company at 100% conversion rate.

The conversion period is from October 30, 2018 to September 30, 2022. The bonds is zero-coupon and have yield to maturity is 2%.