Me2on Co., Ltd. (KOSDAQ:A201490) announced a private placement of series 1 unregistered unguaranteed private convertible bonds for gross proceeds of KRW 30,000,000,000 on November 28, 2017. The transaction will involve participation from new investors Corstone Growth Strategy M&A Private Equity Fund, a fund managed by Corstone Asia Co., Ltd. and KDBC Connection No. 1 New Technology Fund for KRW 15,000,000,000 each. The transaction is expected to close on November 29, 2017. The bonds will be convertible into 3,068,424 shares of the company at a fixed conversion price of KRW 9,777 from November 29, 2018 to November 28, 2022. The bonds will not carry any coupon rate and will have a yield to maturity of 2%. The bonds will mature on November 29, 2022. The transaction was approved by the board of directors of the company.