Sugentech Inc. (KOSDAQ:A253840) announced a private placement of episode 1 bearer interest free private unguaranteed convertible bond for gross proceeds of KRW 10,000,000,000 on September 19, 2019. The transaction will include participation from K&T Partners for 100,000,000, Shinhan Investment Corp., Investment Arm for 350,000,000, Mirae Asset Daewoo Co., Ltd., Investment Arm for 850,000,000, KB Securities Co., Ltd., Investment Arm for 2,000,000,000, Korea Investment & Securities Co., Ltd., Investment Arm for 700,000,000, NH Investment & Securities Co., Ltd., Investment Arm for 3,350,000,000, Samsung Securities Co. Ltd., Investment Arm for 2,450,000,000, individual investor Jungtaek Park for 200,000,000. The bond will carry no coupon and yield to maturity of 0%. The bonds will be mature on September 23, 2024. The bonds will be 100% converted into 1,582,278 common shares representing 10.69% of total shares of the company at a fixed conversion price of KRW 6,320 per share. The conversion period is from September 23, 2020 to August 23, 2024. The payment date of the transaction is September 23, 2019. The transaction has been approved by the board of directors of the company. The securities issued in the transaction are subject to a lock up period of 1 year.