KOSSEN Co., Ltd. (KOSDAQ:A009730) announced a private placement of series 17 unregistered interest treasurer private equity convertible bonds for gross proceeds of KRW 11,827,500,000 on February 26, 2020. The transaction will involve participation from individual investors, Jinhwan Cho for 4,082,700,000 shares, Won Seok Lee for 612,400,000 shares, Hyejung Lee for 510,300,000 shares, Kyunghoon Lee for 510,300,000 shares, Nanju Kim for 510,300,000 shares, Myungja Kim for 1,020,600,000 shares, Lee Sang-yeop for 1,020,600,000 shares, Taehoon Kim for 2,041,400,000 shares, Seojin Kim for 102,000,000 shares, Youngeun Kim for 102,000,000 shares, Eunhee Kim for 102,000,000 shares, Hyungseok Kim for 102,000,000 shares, Park Kyung Ae for 51,000,000 shares, Lee Do Yeop for 57,400,000 shares, Lee Sung-yeop for 57,400,000 shares, Minkyu Kim for 45,900,000 shares, Minjae Kim for 45,900,000 shares, Yun Ok Song for 57,400,000 shares, Sungmo An for 168,400,000 shares, Chang Chang An for 22,900,000 shares, This for 57,400,000 shares, Myung Sook Lee for 153,100,000 shares, Lee Sang Kyu for 172,200,000 shares, Jaeyoung Lee for 15,300,000 shares, Jeon Tae Hwan for 206,600,000 shares. The bonds ahve a yield to maturity of 4%. The maturity date is February 26, 2023. The bonds are 100% convertible into 11,971,153 shares for 16.34% of total shares. The conversion period starts on February 27, 2021 and ends on January 26, 2023. The transaction has been approved by the board of directors of the company. The bonds issued will have a hold period of one year post the closing of the transaction.