Arion Technology Inc. (KOSDAQ:A058220) announced a private placement of series 11 unregistered coupon unguaranteed private convertible bond for gross proceeds of KRW 12,000,000,000 on November 13, 2019. The transaction will include participation from new investors Hyunchul Park which will invest KRW 4,500,000,000, Yongwook Park which will invest KRW 2,700,000,000, Kisung Choi which will invest KRW 2,500,000,000, and Jina Kim which will invest KRW 2,300,000,000. The surface and maturity rate is 4%. The bond will mature on November 22, 2022. The bond will be 100% convertible into shares at the price of KRW 1,842 per share. The transaction has been approved by the board of directors of the company. The date of payment is November 22, 2019.