Motrex Co., Ltd (KOSDAQ:A118990) announced a private placement of 1,038,315 registered convertible preferred shares at a price of KRW 4,045 per share for gross proceeds of KRW 4,199,984,175 and first series of unregistered coupon unguaranteed private convertible bond for gross proceeds of KRW 15,800,000,000, total gross proceeds of KRW 19,999,984,175 on November 12, 2018. The transaction included participation from Shinhan Investment Corp., Investment Arm for unregistered coupon unguaranteed private convertible bond KRW 15,800,000,000, KTB KOSDAQ Venture Securities Investment Trust for 444,993 preferred shares, Asset One Public Stock KOSDAQ Venture Corporate Securities Investment Trust for 247,218 preferred shares, and other investors. The preferred stock is convertible into common shares. The conversion period start from November 20, 2019 to November 19 2028. The securities being issued are subject to a lock in period of one year. The bonds will be issued at its par value. The bonds do not carry any interest and yield to maturity. The bonds will mature on November 19, 2023. The bonds are fully convertible into common shares of the company at a fixed conversion price of KRW 4,722 per share between November 19, 2019 and October 19, 2023. The transaction has been approved by board of directors of the company. The transaction is expected to close on November 19, 2018.