Advanced Digital Chips Inc. (KOSDAQ:A054630) announced a private placement of series 4th unregistered coupon unguaranteed private convertible bonds for the gross proceeds of KRW 4,000,000,000 on November 29, 2017. The transaction will include participation from Landmark Asset Management for KRW 1,000,000,000, Chulho Jang for KRW 1,500,000,000, Yongdong Yeo for KRW 500,000,000, U&I Partners Co., Ltd for KRW 500,000,000, Jaewon Shin for KRW 250,000,000 and Mansoo Lee for KRW 250,000,000. The bonds issued have coupon rate of 3% per annum and yield to maturity of 3%. The maturity date of bonds is November 30, 2020. The bonds are 100% convertible into 1,795,332 common shares of the company at a price of KRW 2,228 per share from November 30, 2018 to October 30, 2020. The transaction is expected to close on November 30, 2017. The transaction has been approved by the board of directors of the company.