Hwashin Tech Co., Ltd. (KOSDAQ:A086250) announced private placement of series 8th unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 2,000,000,000 on April 2, 2019. The bonds bears an interest of 6% per annum and yield to maturity of 6%. The bonds will mature on April 2, 2022. The bonds are issued at par. The bonds are fully converted into 443,360 common shares of the company at a conversion price of KRW 4,511 per share between April 2, 2020 to March 2, 2022. The transaction included participation from Lemon Holdings Co., Ltd. The subscription and payment date for the bonds is April 2, 2019. The transaction has been approved by the board of directors of the company.