JICO co., Ltd (KOSE:A010580) announce a private placement of 5,138,746 convertible preferred stock shares at at KRW 973 per share for gross proceeds of KRW 4,999,999,858 with it T.S 2015-9 Growth Strategy M&A Investment Fund On June 26, 2017. The shares being issued in the transaction are subject to a hold period of 1 year. The transaction was approved by board of directors of the company. The conversion period is from June 29, 2018 to June 27, 2022. The payment date is June 28, 2017.