Remed Co., Ltd. (KOSDAQ:A302550) announced private placement of round 1 non-guaranteed private equity convertible bonds with bearer interest for gross proceeds of KRW 30,000,000,000 with Kiwoom Private Equity Aesthetic Private Equity Fund, a fund managed by KIWOOM Private Equity Inc. on August 11, 2020. The bonds does not bear any interest and matures on August 14, 2035 and are redeemable every three months starting from August 14, 2023. The bonds are convertible into 1,032,631 shares representing 16.96% stake from August 14, 2021 to July 14, 2035. The bonds have subscription date of August 13, 2020 and expected payment date of August 14, 2020. The transaction has been approved by the board of directors of the company.