On December 26, 2019, Mirae Sci Co., Ltd. (KOSDAQ:A028040) closed the transaction. The company has amended the terms of the transaction and issued series 41 bearer's interest-free non-guaranteed private equity convertible bond for a gross proceeds of KRW 6,300,000,000 in the transaction. The transaction included participation from Leeum Investment Co., Ltd. for KRW 4,500,000,000 and Frenby for KRW 1,800,000,000. The bond will be mature on December 26, 2022. The bonds will be 100% converted into 12,600,000 common shares representing 28.01% of the company at a fixed conversion price of KRW 500 per share. The transaction has been approved by the board of directors of the company.