Myungjin holdings.,Corp. (XKON:A267060) announced a private placement of 164,610 registered redeemable convertible preferred stock at a price of KRW 2,430 for gross proceeds of KRW 400,002,300 on October 30, 2018. The transaction will include participation from oru Master Hedge Fund 1, backed by returning investor NH Investment & Securities Co., Ltd., Investment Arm. The shares will be issued at a premium of KRW 1,930. The company will issue securities through third party allotment method. The shares will be convertible from November 7, 20119 and November 7, 2028. The payment date is November 7, 2018. The transaction has been approved by board of directors of the company.