De Stellar Co.,LTD announced a private placement of 9th series non-guaranteed private convertible bonds with bearer type Interest for gross proceeds of KRW 3,000,000,000 on July 23, 2021. The transaction will include participation from Yulho Co., Ltd. The bond carries a fixed coupon rate of 1% per annum, 5 yield to maturity and would mature on July 26, 2026. The bonds can be 100% converted into 1,176,470 common shares for 34.75% stake of the company at a fixed conversion price of KRW 2,550 per share. The conversion period is from July 26, 2023 to July 25, 2026. The transaction is expected to close on July 26, 2021. The transaction has been approved by board of directors of the company.