JangWonTech Co., Ltd. (KOSDAQ:A174880) announced a private placement of series 7 unregistered coupon non-guaranteed private equity convertible bonds for gross proceeds of KRW 5,000,000,000 on June 29, 2020. The transaction included participation from returning investor Feelux Co., Ltd (KOSE:A033180). The bonds carry coupon rate of 1% and yield to maturity for 1%.

The bonds will mature on June 29, 2023. The bonds are convertible into 3,172,588 shares at a conversion price of KRW 1,576 from June 29, 2021 to May 29, 2023. The transaction has been approved by the board of directors.