MAXROTEC Co., Ltd. (KOSDAQ:A141070) ) announced a private placement of series 5 unregistered non-guaranteed private convertible bonds for gross proceeds of KRW 4,242,000,000 on September 22, 2020. The transaction will include participation from individual investor Inhwa Jeong. The bonds will carry surface interest rate and interest rate of both is 0%. The bonds will mature on October 07, 2023. The bonds are 100% convertible into 1,738,525 common shares, at KRW 2,440 per share. The conversion period is from October 07, 2021 to September 07, 2023. The transaction is expected to close on October 07, 2020 and the subscription date is September 22, 2020. The transaction has been approved by the board of directors of the company. The payment place is at Maxrotech head office.