On May 12, 2016, Kahee Co., Ltd. (KOSDAQ:A030270) closed the transaction. The company amended the terms of the transaction. The company issued first unregistered unsecured coupon unguaranteed private convertible bonds for gross proceeds of KRW 9,012,350,000.

The company received KRW 10,912,350,000 in the transaction. The first series bonds were subscribed by from Youngchul Jeon for KRW 2,064,600,000, Changhoon Yoo for KRW 1,914,750,000, Changrae Jung for KRW 1,898,100,000, and other investors.