Thumbage Co., Ltd. (KOSDAQ:A208640) ) announced a private placement of round 2nd unregistered non-coupon unguaranteed unsecure private convertible bond for the gross proceeds of KRW 30,000,000,000 on March 19, 2018. The transaction will include participation from Kiwoom Asset Management Co., Ltd. for KRW 2,000,000,000, Mirae Asset Daewoo Co., Ltd. (KOSE:A006800) for KRW 1,000,000,000, Orion Mezzanine Private Invetment Trust 11 for KRW 1,000,000,000, Kiwoom Securities Co., Ltd. for KRW 3,000,000,000, Lime Tethys Private Investment Trust 2 for KRW 20,000,000,000, Midas Jeoktoma Multi-Strategy Hedge Fund 1 for KRW 2,000,000,000, GVA Fortress-A Hedge Fund for KRW 1,000,000,000. The bond carries zero coupon rate and yield to maturity is zero.

The bond will mature on March 28, 2021. The subscription and payment date for the bonds are March 21, 2018 and respectively. The bonds will be fully convertible into shares at a fixed conversion price of KRW 4,455 per share between March 28, 2019 and February 28, 2021.

The company has received approval from the board of directors.