Mi Contents Holdings Co., Ltd (KOSE: A065420) announced a private placement of 2,789,400 4th series unregistered and unsecured convertible bonds at KRW 717 per note for gross proceeds of KRW 1,999,999,800 on May 18, 2017. The transaction is expected to close by May 22, 2017. The transaction has been approved by the board of directors of the company.