Yulho Co., Ltd. announced a private placement of series 8 unsecured private equity convertible bonds with bearer type interest part for aggregate gross proceeds of KRW 10,000,000,000 on March 7, 2023. The transaction will include participation from Ilsang Holdings. The bonds carry surface interest rate of 0% and maturity rate of 4% per annum.

The bonds will mature on March 7, 2026. The bonds are convertible into 4,492,362 shares of the company at a conversion price of KRW 2,226 per share. The conversion period will start from June 8, 2024 and ends on May 7, 2026.

The transaction is expected to close on June 8, 2023. The transaction has been approved by the board of directors of the company.