Duckshin Housing Co., Ltd. (KOSDAQ:A090410) announced a private placement of 1st unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 10,000,000,000 on March 19, 2018. The transaction is expected to close on April 2, 2018. The transaction will include participation from Lindeman Asia Global Pioneer PEF 11, a fund managed by Lindeman Asia Investment Co., Ltd. (KOSDAQ:A277070).

The transaction was approved by the board of directors of the company.