Jayjun Cosmetic Co., Ltd. (KOSE:A025620) announced a private placement of series 30 Unregistered coupon nonguaranteed private convertible bond for gross proceeds of KRW 5,000,000,000 on May 17, 2021. The transaction include participation from WV Fund 4 for KRW 1,000,000,000, Joonhyung Kim, a employee of the company for KRW 600,000,000, Gyu-yong Cha, Eunae Kim for KRW 500,000,000 each, Ki-hyung Lee, Jaesang Ban for KRW 300,000,000 each, Soon-Bok Heo, Changhyun Oh, Seongbin Lim, Sang-hoon Hong, Mi-A Jang, Heeje Wang for KRW 200,000,000 each, Youngjin Kim, Hyojeong Park, Seung-cheol Yang, Mi-young Jang, Shin-young Choi, and Jeong-wook Lim for KRW 100,000,000 each. The bonds bear fixed interest rate of 2% per annum, payable quarterly and yield to maturity of 3% per annum, and mature on May 20, 2024. The bond is fully convertible into 2,170,138 shares at a fixed conversion price of KRW 2,304 between May 20, 2022 and April 20, 2024. The subscription date and expected date of payment is May 20, 2021. The transaction has been approved by the board of directors of the company. The securities issued are subjected to 1-year hold period.