INTEKPLUS Co., Ltd. (KOSDAQ:A064290) announced a private placement of 1,481,479 convertible preferred shares at a price of KRW 3,375 per share for gross proceeds of KRW 4,999,991,625 on July 12, 2018. The transaction will include participation from KTB KOSDAQ Venture Securities Investment Trust for 800,000 shares, Susung KOSDAQ Venture PLUS Multi-strategic Hedge Fund for 296,296 shares, Susung KOSDAQ Venture Multi-asset Aggressive Investing Type Hedge Fund for 177,777 shares, and other investors. The conversion will start on July 21, 2019 and will end on July 20, 2023. The eligibility date for dividend payout of new shares is January 1, 2018. The transaction is expected to close on July 20, 2018. The securities to be issued are subject to a hold period of one year. The transaction has been approved by the board of directors of the company.