KPS Corporation (KOSDAQ:A256940) announced a private placement of 4th round unregistered unguaranteed private convertible bond for gross proceeds of KRW 25,000,000,000 on March 30, 2020. The transaction will include participation from new investors Korea Investment Re-Up Fund a fund managed by Korea Investment Partners Co. Ltd. for KRW 10,000,000,000, G & Tech Big Jump Investment union for KRW 3,000,000,000, Kiwoom Investment Co., Ltd. for KRW 3,000,000,000, Samsung Securities Co. Ltd., Investment Arm for KRW 5,500,000,000, Kyungho Park for KRW 1,000,000,000, Park Soon-Hwang for KRW 1,000,000,000, Gunwoo Precision Co., Ltd. for KRW 1,000,000,000 and Gaon Investment Co., Ltd. for KRW 500,000,000. The bonds are issued at 0% interest rate and yield to maturity and will mature on April 13, 2025. The bonds are 100% convertible into 955,694 common shares of the company at a conversion price of KRW 26,159 per share. The conversion period is from April 13, 2021 to March 13, 2023. The transaction has been approved by the board of directors of the company and is expected to close by April 13, 2020.