AbClon Inc. (KOSDAQ:A174900) announced that it will issue 394,608 convertible preferred stock at a price of KRW 35,478 per preferred share for a gross proceeds of KRW 13,999,902,624 on November 14, 2019. The company will issue the shares through third party capital allotment. Each preferred stock is convertible into one common stock for a period of 5 years from issue date starting from November 28, 2020 to November 28, 2024 at a price of KRW 35,478 per preferred share. The expected payment date is November 28, 2019. The transaction has been approved by the board of directors of the company. The transaction will include participation from Winners Eco Vision specialized private equity investment trust No. 3 for 281,864 preferred stock, Focus H3 Super Rich Platinum KOSDAQ venture private investment securities investment trust No. 1 for 2,005 preferred stock, Focus N3 Super Rich Poseidon KOSDAQ venture private equity investment trust No. 1) for 2,616 preferred stock, Focus H3 Super Rich Diamond KOSDAQ Venture Private Investment Securities Investment Trust No. 1 for 2,495 preferred stock, Focus H3 Super Rich Treasure Island KOSDAQ venture private equity investment trust No. 1 for 2,302 preferred stock, Focus Y3 Super Rich Hawk KOSDAQ Venture Specialized Private Equity Investment Trust No. 1 for 1,737 preferred stock, Focus H3 Super Rich Eldorado KOSDAQ venture private equity investment trust No. 1 for 2,389 preferred stock, H3 super rich magic stone KOSDAQ venture private investment securities investment trust No. 1 for 1,756 preferred stock, Focus S3 Super Rich Edison KOSDAQ Venture Specialized Private Equity Investment Trust No. 1 for 3,651 preferred stock, Focus S3 Super-Rich Einstein KOSDAQ Venture Private Investment Securities Investment Trust No. 1 for 3,095 preferred stock, Focus N3 Super Rich Hercules KOSDAQ venture private equity investment trust No. 1 for 1,900 preferred stock, Focus K3 Super-Rich Bluebird KOSDAQ Venture Private Investment Securities Investment Trust No. 1 for 5,003 preferred stock, Focus S3 Super Rich Newton KOSDAQ venture private investment securities investment trust No. 1 for 2,664 preferred stock, Focus S3 super rich triple up KOSDAQ venture private investment securities investment trust No. 1 for 2,557 preferred stock, Focus S3 Market Winner Super Rich Private Investment Securities Investment Trust No. 1 for 2,605 preferred stock, Focus S3 Super Rich Multi-Smart Professional Investment Private Equity Investment Trust No. 1 for 1,843, Focus S3 Galaxy Super-Rich Professional Investment Private Equity Investment Trust No. 1 for 1,987 preferred stock, FOCUS MD4 Super Rich Golden Plus Private Investment Trust No. 1 for 3,158 preferred stock, Focus Y4 Super-Rich Professional Investment Private Equity Fund No. 3 for 5,485 preferred stock, FOCUS N4 Super Rich Pacific Private Investment Trust No. 1 for 2,046 preferred stock, Focus Y4 Super-Rich Step-Up Specialized Private Investment Trust No. 1 for 1,080 preferred stock, FOCUS SY4 Super Rich Unicorn Private Investment Trust No. 1 for 2,525 preferred stock, FOCUS SY4 Super-Rich Wellroute Private Investment Trust No. 1 for 2,245 preferred stock, Focus SY4 Super Rich Champion private equity investment No. 1 for 7,101 preferred stock, focus SY4 super rich trust specialized investment type private equity trust first for 3,277 preferred stock, Focus SY4 Super Rich Grand Slam private investment trust No. 1 for 3,735 preferred stock, Focus KB4 Supernova specialized investment type private equity trust No. 1 for 999 preferred stock, Focus N4 Super Rich Harvest Private Investment Trust No. 1 for 1,212 preferred stock, Focus TF4 Super Rich Apollo specialized investment type private equity trust No. 1 for 1,918, Focus TF4 Super Rich Voyager Professional Investment Private Equity Fund No. 1 for 1,623 preferred stock, Focus TF4 Super Rich Discovery Private Investment Trust No. 1 for 3,353 preferred stock, Focus TF4 Super Rich Challenger Private Investment Trust No. 1 for 1,471 preferred stock, Focus TF4 Super-Rich Quantum Reef Specialist Private Investment Trust No. 1 for 1,051 preferred stock, K-Clavis-Bihai Challenge Investment Association for 28,186 preferred stock. The preferred shares are subject to a hold period of one year. The securities are issued at a discount of 10%.