DRTECH Corporation (KOSDAQ:A214680) announced a private placement of 3rd unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 10,000,000,000 on April 20, 2017. The transaction included participation from new investors SK Securities Private Equity, Moorim Capital Co., Ltd., Hanbit Investment Co., Ltd., Industrial Bank of Korea, Investment Arm, HI Investment & Securities Co., Ltd., Hanyang Securities Co. Ltd., Investment Arm, Daegyeong Venture Capital Corporation, DCP Co., Ltd., NH Investment & Securities Co., Ltd., Investment Arm, and ST Kclavis New Technology Fund 3 for KRW 1,000,000,000 each respectively. The maturity date of bonds is April 24, 2022. The bonds are fully convertible into 4,651,162 common shares for a fixed conversion price of KRW 2,150 from April 24, 2018 to March 24, 2022. The bonds do not carry any coupon. The subscription and payment date of the transaction is April 24, 2017. The transaction has been approved by the board of directors of the company.