P&H Tech Co., Ltd. (XKON:A239890) announced a private placement of 526,316 convertible redeemable preferred stock at an issue price of KRW 9,500 per share for gross proceeds of KRW 5,000,002,000 on July 4, 2018. The transaction will involve participation from Aion Kosdaq Venture Investment Private Fund No. 1 for KRW 1,199,992,500, Aion Gaea Professional Investment Type Private Equity Trust 2 for KRW 999,998,500, and Aion Investment Management Co., Ltd. for KRW 900,030,000. The transaction is expected to close on July 13, 2018. The shares will be issued through third party allotment method. The transaction was approved by the board of directors of the company. The shares will be convertible into 526,316 common stock from July 16, 2018 to July 13, 2028.