HLB Power Co., Ltd. (KOSDAQ:A043220) announced a private placement of 7th series unregistered coupon unsecured convertible bond for gross proceeds of KRW 17,400,000,000 on September 6, 2018. The transaction included participation from individual investors Yang-Gon Jin for proceeds of KRW 2,000,000,000, Chulsoo Park for proceeds of KRW 300,000,000, Woonhak Lee for proceeds of KRW 3,000,000,000, Kyesook Kim for proceeds of KRW 500,000,000, Taejin Kim for proceeds of KRW 400,000,000, Haengsoo Yeo for proceeds of KRW 100,000,000, Hyungchul Kang for proceeds of KRW 500,000,000, Sidae Kim for proceeds of KRW 300,000,000, Kwangho Lee for proceeds of KRW 200,000,000, Hyungcheol Kang for proceeds of KRW 300,000,000, Eunkyung Choi for proceeds of KRW 200,000,000, Jongsung Kim for proceeds of KRW 400,000,000, Jegeol Myoung for proceeds of KRW 300,000,000, Sunju Lee for proceeds of KRW 400,000,000, Doohwan Yoon for proceeds of KRW 250,000,000, Neobus Co., Ltd. for proceeds of KRW 2,000,000,000, Yeouido Investment Consulting for proceeds of KRW 2,000,000,000, Entropy Investor Co., Ltd for proceeds of KRW 1,000,000,000, Stinger Partners Co., Ltd. for proceeds of KRW 750,000,000, Geumhwa TI Co., Ltd. for proceeds of KRW 1,000,000,000, KATS Co., Ltd. for proceeds of KRW 500,000,000, and Korky Co., Ltd. for proceeds of KRW 1,000,000,000. The bonds are issued at par and will mature on September 7, 2021. The bond carries zero coupon rate and yield to maturity of 1%. The bonds are fully convertible into common shares at a price of KRW 1,590 per share from September 7, 2019 to August 7, 2021. The subscription and payment date is September 7, 2018. The transaction has been approved by the board of directors of the company.