JangWonTech Co., Ltd. (KOSDAQ:A174880) announced a private placement of series 6 unregistered coupon nonguaranteed private convertible bond at a price of KRW 5,000,000,000 for gross proceeds of KRW 5,000,000,000 on May 18, 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 May 18, 2023. The bonds are convertible into 2,724,795 shares at a conversion price of KRW 1,835 from May 18, 2021 to April 18, 2023. The transaction has been approved by the board of directors.