P&H Tech Co., Ltd. (XKON:A239890) announced a private placement of 120,000 convertible redeemable preferred shares at KRW 8,330 per share for gross proceeds of KRW 999,600,000 on June 1, 2017. The redemption period is from June 6, 2019 to June 5, 2027 at KRW 8,330 per share. The shares will be convertible into 120,000 common shares from June 6, 2017 to June 5, 2027. The payment date is June 5, 2017. The transaction has been approved by the board of directors of the company. The shares will be issued through third party allotment. The transaction will include participation from Tiger 5 Combo Hedge Fund 1 for 18,000 shares, Tiger 5-03 Hedge Fund for 18,000 shares, Tiger 5-02 Hedge Fund for 30,000 shares, Tiger 5-12 Hedge Fund for 18,000 shares, Tiger Gangnam 5-22 Hedge Fund for 12,000 shares, Tiger HNW 5-32 Hedge Fund for 14,000 shares, and Kyungmin Gong for 10,000 shares.