Winhitech Co., Ltd. (KOSDAQ:A192390) announced a private placement of 2nd series unregistered unguaranteed unsecured private convertible bonds for gross proceeds of KRW 5,000,000,000 on May 10, 2018. The bonds will issue at par. The transaction will involve participation from Kiwoom Securities M&A Strategy Startup Venture PEF, a fund managed by Kiwoom Securities Co., Ltd., Investment Arm. The bonds will carry a zero coupon and have a yield to maturity also zero. The bonds will be fully convertible into 998,003 common shares of the company at a fixed conversion price of KRW 5,010 per share between May 17, 2019 and December April 17, 2023. The bonds will mature on May 17, 2023. The subscription and payment date for the bonds is May 17, 2018. The transaction has been approved by the board of directors of the company. On May 14, 2018, the company amended the conversion price of KRW 5,473 per share.