Lion Chemtech Co., Ltd. (KOSDAQ:A171120) announced a private placement of round 1 bearer non-guaranteed private equity convertible bonds with interest for the gross proceeds of KRW 20,000,000,000 on November 2, 2020. The transaction will include participation from new investors Fund 1, Fund 2 and Fund 3 managed by CSquared Global Asset Management for KRW 4,000,000,000, Fund 4 managed by Rhinos Asset Management Co., Ltd for KRW 2,000,000,000, Rhinos-Meritz 2 New Technology Business Investment Association for KRW 1,000,000,000, Rhinos-Hanyang 2nd New Technology Business Investment Association for KRW 1,000,000,000, Fund 5 and Fund 6 managed by A One Asset Management Co., Ltd and KB Securities Co.,Ltd. for KRW 3,000,000,000, Fund 7 managed by A One Asset Management Co., Ltd and Samsung Securities Co.,Ltd. (KOSE:A016360) for KRW 1,000,000,000, Fund 8 managed by GVA Asset Management Co., Ltd. and Mirae Asset Daewoo Co., Ltd. (KOSE:A006800) for KRW 2,900,000,000, Fund 9 managed by GVA Asset Management Co., Ltd. and Samsung Securities Co.,Ltd. (KOSE:A016360) for KRW 1,100,000,000 and Fund 10 managed by Platform Partners Asset Management Co., Ltd. and KB Securities Co.,Ltd. for KRW 4,000,000,000. The bonds carry zero surface interest rate and interest rate to maturity.

The bonds will mature on November 04, 2023. The bonds are convertible into 2,801,120 shares at a price of KRW 7,140 per share. The bonds are convertible from November 04, 2021 to October 04, 2023.

The transaction is expected to close on November 04, 2020. The bonds carry a hold period of one year from the date of issue.