LONGTU KOREA Inc. (KOSDAQ:A060240) announced a private placement of fourth unregistered unguaranteed unsecured private convertible bonds for gross proceeds of KRW 5,000,000,000 on May 20, 2016. The convertible bonds carry fixed 2% yield to maturity and zero coupon rate, lump-sum redemption of principal on maturity date for the bonds. The convertible bonds will be converted at fixed conversion price of KRW 12,266 per share and the conversion period is from May 30, 2017 to April 29, 2020. The convertible bonds will mature on May 30, 2020.