ASTA UK Limited announced that it will receive KRW 740,475,000 in a round of funding from existing investor ASTA Corporation (KOSDAQ:A246720) on August 10, 2017. The company will issue Series 1 unregistered coupon unguaranteed private convertible bond in this transaction. The bonds will be issued at par and carry an interest rate of 0% with yield to maturity of 2% compound interest. The bonds are 100% convertible at KRW 1,481 per share and mature on August 16, 2020. The conversion period starts and ends on September 17, 2017 and August 16, 2020 respectively. The transaction is expected to close on August 16, 2017. The company reported total assets of KRW 2,378,000,000, total liabilities of KRW 167,000,000, total capital of KRW 2,211,000,000, capital of KRW 3,255,000,000, and net loss of KRW 835,000,000 for the year ending December 31, 2016. The transaction was approved by the board of directors of the investor.