Finotek Co.,Ltd. (XKON:A150440) announced a private placement of series 7 registered coupon private convertible bonds for gross proceeds of KRW 4,000,000,000 on March 15, 2019. The transaction will include participation from DS Bok Private Investment Trust for KRW 1,400,000,000; DS Shin Private Investment Trust for KRW 400,000,000; DS Different. C Private Investment Trust for KRW 500,000,000; DS IPO Selection ? Private Investment Trust for KRW 500,000,000; DS Beyond.D Private Investment Trust for KRW 300,000,000; DS Jang Private Investment Trust for KRW 600,000,000; and DS Seung Private Investment Trust for KRW 300,000,000. The bonds bear interest of 1% per annum payable quarterly and yield to maturity of 8% per annum. The bonds will be issued at par maturing on March 18, 2024. The bonds are convertible into 637,958 shares representing 6.67% stake at a fixed conversion price of KRW 6,270 per share starting from March 18, 2020 and ending on March 17, 2024. The subscription date of bonds is March 15, 2019 and payment date is March 18, 2019. The transaction has been approved by the board of directors of the company.