Jahwa Electronics. Co., Ltd announced a private placement of series 5 bearer unsecured private placement exchangeable bonds for the gross proceeds of KRW 37,500,000,000 on February 16, 2024. The bonds carry coupon rate and maturity rate of 0% and will mature on February 20, 2029.

The bonds are fully convertible into 1,069,350 common shares at a conversion value of KRW 35,068 per share from March 20, 2024 to February 13, 2029. The transaction has been approved by the shareholders of the company. The transaction is expected to close on February 20, 2024.

The transaction will include participation from new investors Korea Investment & Securities Co., Ltd. for KRW 3,000,000,000, Mirae Asset Securities Co., Ltd. for KRW 5,000,000,000, Samsung Securities Co., Ltd. for KRW 9,500,000,000, NH Investment & Securities Co., Ltd. for KRW 4,500,000,000, Hana Bank Co., Ltd. for KRW 3,000,000,000, KB Securities Co., Ltd. for KRW 3,000,000,000, Daol Investment & Securities Co., Ltd. for KRW 1,500,000,000, Kiwoom Securities Co., Ltd.for KRW 3,000,000,000, Shinhan Investment & Securities Co., Ltd. for KRW 2,000,000,000, SK Securities Co., Ltd. for KRW 1,000,000,000 and JB Woori Capital Co., Ltd for KRW 2,000,000,000.