KC Industry Co.,Ltd. (XKON:A112190) announced a private placement of 6th unregistered coupon unguaranteed private convertible bonds and 7th unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 4,000,000,000, for an aggregate gross proceeds of KRW 10,000,000,000 on August 27, 2019. The transaction will include participation from SG Ace Inc. The subscription and payment date of the transaction is August 27, 2019. The series 6 bonds and series 7 bonds carry a fixed coupon rate of 3% per annum and yield to maturity of 6% and coupon rate of 0% and yield to maturity of 7% per annum respectively. The series 6 and 7 bonds will be issued at par, will mature on August 27, 2024, and can be fully converted into 952,980 and 1,428,571 common shares of the company at a fixed conversion price of KRW 4,200 per conversion share from August 27, 2019 to August 26, 2024. The transaction has been approved by the board of directors of the company. The securities issued in the transaction is subject to restriction period of 1 year.