KJ Pretech Co., Ltd. (KOSDAQ:A083470) announced a private placement to series 11th bearer-owned interest-free private equity convertible bonds for gross proceeds of KRW 500,000,000 on February 21, 2020. The transaction will include participation from Hanyoung Precision Co.,Ltd. The bonds will mature on February 21, 2023. The bonds are 100% convertible into 1,000,000 common shares of the company at a conversion price of KRW 500 per share. The conversion period will start from February 21, 2021 and ends on January 21, 2023. The transaction has been approved by the board of directors of the company.