Hwashin Tech Co., Ltd. (KOSDAQ:A086250) announced a private placement of 4th series unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 5,500,000,000 and 1,759,834 common shares at an issue price of KRW 4,830 for gross proceeds of KRW 8,499,998,220 for an aggregate gross proceeds of KRW 13,999,998,220 on January 10, 2019. The transaction will include participation from new investors, JBin Cores Co., Ltd. for bonds and H & Bridge Investment Fund for shares. The bonds will carry no coupon and yield to maturity of 3%. The bonds will mature on February 14, 2022 and are fully convertible into 977,257 common shares of the company at a price of KRW 5,628 per share. The exercise period of the bonds will be from February 14, 2020 to January 14, 2022. The shares are issued at a discount of 10%. The subscription date and the payment date for bonds are January 10, 2019 and February 14, 2019 respectively. The subscription date and payment date for shares are February 8, 2019 and February 13, 2019. The shares issued will have a lock-up period of 12 months from the date of issuance. The shares will be issued through third-party allotment method. The transaction has been approved by the board of directors of the company.