MAXROTEC Co., Ltd. (KOSDAQ:A141070) ) announced a private placement of 3rd series of domestic unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 5,500,000,000 on August 10, 2018. The transaction will include participation Shinhan Investment Corp., Investment Arm for KRW 1,000,000,000, IBK Capital Corporation for KRW 2,000,000,000, GVA Universe Hedge Fund, for KRW 1,650,000,000 and other investors. The bonds are issued to par value. The bonds do not carry any interest rate and 3% per annum yield to maturity. The bonds are issued at par and have a maturity date on August 14, 2022. The bonds are 100% convertible into 3,741,496 common shares at 13.08% of the total number of stocks at a price of KRW 1,470 per share. The conversion period is from August 14, 2019 to July 14, 2022. The deal is expected to close on August 14, 2018. The transaction has been approved by the board of directors of the company.