Woojin Inc. (KOSE:A105840) announced a private placement of series one unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 10,000,000,000 on August 25, 2017. The transaction will include participation from Value System Cedar Tree Private Investment Hedge Fund and Value System Chamnamoo Private Investment Hedge Fund for the proceeds of KRW 300,000,000, Value System Deus Private Investment Hedge Fund for the proceeds of KRW 300,000,000, Value System Chunjiyeon Private Investment Hedge Fund and Value System Fir Tree Private Investment Hedge Fund for the proceeds of KRW 900,000,000, Focus S2 Lion Private Investment Trust 1, Focus S2 Tiger Private Investment Trust 1, Focus S2 Jaguar Private Investment Trust 1, Focus H2 Super Rich Gold Private Investment Trust 1 , Focus H2 Super Rich Buffalo Private Investment Trust 1 , Focus Y2 Eagle Super Rich Private Investment Trust 1 ,Focus S2 Super Rich Dragon Private Investment Trust 1 for the proceeds of KRW 2,000,000,000, KB Securities Co., Ltd., Investment Arm for the proceeds of KRW 1,500,000,000, Susung Asset Management Co., Ltd for the proceeds of KRW 2,100,000,000 and Hanyang Securities Co. Ltd., Investment Arm for the proceeds of KRW 500,000,000. The bonds issued are convertible 100% convertible into 1,634,253 shares at a price of KRW 6,119 per share from August 29, 2018 to July 29, 2022. The bonds issued have a coupon rate of 1% per annum and yield to maturity of 3% per annum. The bonds issued will mature on August 29, 2022. The transaction is expected to close on August 29, 2017.