SEOHAN Const. & Eng.co.,Ltd announced a private placement of series 15 unregistered nonguaranteed nondetachable private bond with warrant for a gross proceeds of KRW 15,000,000,000 on July 26, 2021. The transaction will include participation from Shinhan Investment Corp., Investment Arm for KRW 2,000,000,000, Mirae Asset Securities Co., Ltd. for KRW 2,000,000,000, Samsung Securities Co., Ltd. for KRW 2,000,000,000, EBest H-M New Technology Business Fund for KRW 2,000,000,000, DB Mezzanine Thebanks1 Hedge Fund 1 for KRW 5,000,000,000, NH Absolute Return Hedge Fund 1 & NH Absolute Mezzanine Hedge Fund 2 for KRW 2,000,000,000.

The bonds will mature on July 28, 2026. The bonds will be 100% converted into 6,157,635 common shares at a fixed conversion price of KRW 2,436 per share for an equity stake of 5.75%. The conversion period is from July 28, 2022 to June 28, 2026.

The payment date of the transaction is July 28, 2021. The securities issued in the transaction are subject to a lock up period of one year. The transaction has been approved by the board of directors of the company.