Sejong Industrial Co., Ltd. (KOSE:A033530) announced a private placement of 7th series unregistered coupon unguaranteed private convertible bond for gross proceeds of KRW 32,000,000,000 on April 16, 2019. The bond is issued at 0% coupon rate, 0% yield to maturity rate and will mature on April 24, 2024. The bonds can be 100% converted into 4,177,545 common shares for 15.6% stake of the company at a fixed conversion price of KRW 7,660 per share. The conversion period is from April 24, 2020 to March 24, 2024. The transaction has been approved by the board of directors of the company. The subscription date is April 16, 2019 and the payment date is April 24, 2019. The transaction will include participation from Mirae Asset Daewoo Co., Ltd., Investment Arm for KRW 2,000,000,000, existing investor Shinhan Investment Corp., Investment Arm for KRW 1,500,000,000, KB Securities Co., Ltd., Investment Arm for KRW 4,500,000,000, Meritz Securities Co., Ltd., Investment Arm for KRW 1,000,000,000, existing investor SK Securities Private Equity for KRW 2,000,000,000, Industrial Bank of Korea, Investment Arm for KRW 3,000,000,000, Samsung Securities Co. Ltd., Investment Arm for KRW 5,700,000,000, existing investor NH Investment & Securities Co., Ltd., Investment Arm for 1,100,000,000, Korea Investment & Securities Co., Ltd., Investment Arm for 200,000,000, Mirae Asset treatment corporation for KRW 5,000,000,000, Shinhan – Rhinos 1st New Technology Fund for KRW 1,000,000,000, Rhinos - Meritz New Technology Fund for KRW 1,000,000,000, Synergy – Shinhan Mezzanine New Technology Fund for KRW 2,000,000,000, IBK Financial Group Synergy Ivy Mezzanine New Technology Fund for KRW 1,000,000,000, and Synergy Mezzanine 1st New Technology Fund for KRW 1,000,000,000.