Linkgenesis Co., Ltd. (KOSDAQ:A219420) announced a private placement of 1,212,121 registered convertible preferred stock of par value KRW 100 issued at KRW 8,250 per stock for gross proceeds of KRW 9,999,998,250 on September 10, 2018. The preferred stock is convertible into common shares of the company at a conversion rate of 1:1. The conversion period is from September 18, 2019 to September 17, 2023. The transaction has been approved by the board of directors of the company. The transaction is expected to close by September 17, 2018.