Qurient Co., Ltd. (KOSDAQ:A115180) announced a private placement for gross proceeds of 59,999,868,050 on September 22, 2020. The company will issue 208,023 common shares at an issue price KRW 33,650 per share for proceeds of KRW 6,999,973,950 and 1,575,034 convertible preferred shares at an issue price of KRW 33,650 per share for proceeds of KRW 52,999,894,100. The shares have a face value of KRW 500 per share.

The company will issue shares using third party allocation method. All securities to be issue pursuant to the transaction are subject to a hold period of one year. The preferred shares are convertible into 1,575,034 registered common shares at a conversion price of KRW 33,650 at a conversion ratio of 1:1 during October 30, 2021 to October 29, 2025.

The preferred shares are non-cumulative and having non-participating conditions and have a dividend rate of 1% per annum. The securities are issued at a discount of 10%. The transaction will include participation from National Pension Service (Mirae Asset Pure Share 8) for 104,012 common shares, Woori Financial Group Inc. (KOSE:A316140).

(In the trustee status of Mirae Asset Korea Health Care Securities Master-feeder Fund) for 52,006 common shares, Woori Financial Group Inc. (KOSE:A316140) (In the trustee status of Mirae Asset Discovery Securities Fund5(stock)) for 3,952 common shares, Shinhan Bank (In the trustee status of Mirae Asset Making 300 Million Solomon Securities Fund1(stock)) for 11,887 common shares, Hana Bank( In the trustee status of Mirae Asset Value Stock Master-feeder Fund (stock)) for 7,429 common shares, Hana Bank( In the trustee status of Mirae Asset Next Leader Securities Fund 1(stock)) for 267 common shares, Hana Bank Co., Ltd.( In the trustee status of Mirae Asset Discovery Securities Fund 3(stock)) for 2,021 common shares, Hana Bank Co., Ltd.( In the trustee status of Mirae Asset Consumption Growth Securities Master-feeder Fund (stock)) for 2,972 common shares, KB Kookmin Bank (In the trustee status of Mirae Asset Consumption Growth Securities Master-feeder Fund (stock)) for 7,429 common shares, KB Kookmin Bank (From the status of trust business of Mirae Asset Dream Target Securities Investment Company (common shares)) for 773 common shares, KB Kookmin Bank (In the trustee status of Mirae Asset 300 Million Creation Independence Securities Fund K-1(stock)) for 1,456 common shares, KB Kookmin Bank (In the trustee status of Mirae Asset Independence Securities Fund K-2(stock)) for 1,575 common shares, KB Kookmin Bank (In the trustee status of Mirae Asset Independence Securities Fund K-3(stock)) for 386 common shares, KB Kookmin Bank (In the trustee status of Mirae Asset Solomon Growth Securities Fund 1(stock)) for 208 common shares, KB Kookmin Bank (In the trustee status of Mirae Asset Solomon Securities Fund 1 (stock)) for 743 common shares, KB Kookmin Bank (In the trustee status of Mirae Asset Discovery Securities Fund Company (stock)) for 2,972 common shares, INDUSTRIAL BANK OF KOREA (KOSE:A024110) (In the trustee status of Mirae Asset Discovery Securities Fund 4 (stock)) for 7,935 common shares, Korea Investment Bio-Global Fund, a fund managed by Korea Investment Partners Co. Ltd. for 445,765 convertible preferred stock, Samsung Securities Co.,Ltd. (KOSE:A016360) (In the trustee status of Quad Healthcare Multi Strategy Hedge Fund 8) for 89,153 convertible preferred stock, Samsung Securities Co.,Ltd. (KOSE:A016360) (In the trustee status of Quad Healthcare Multi Strategy Hedge Fund 9) for 208,023 convertible preferred stock, SV Bio PEF 1 for 243,684 convertible preferred stock, SV Global Bio Health Care Fund 2 for 68,350 convertible preferred stock, Seven Tree-Hanwha New Technology Fund 1 for 138,972 convertible preferred stock, NH Investment & Securities Co., Ltd. (KOSE:A005940) ( In the trustee status of WHedge Fund1) for 89,153 convertible preferred stock, NH Investment & Securities Co., Ltd. (KOSE:A005940) ( In the trustee status of W500 Hedge Fund) for 59,435 convertible preferred stock, KB Securities Co.,Ltd. (In the trustee status of Value System STORM Hedge Fund) for 21,000 convertible preferred stock, Shinhan Investment Corp.( In the trustee status of Value System RAPID Hedge Fund) for 17,000 convertible preferred stock, NH Investment & Securities Co., Ltd. (KOSE:A005940) (In the trustee status of Value SystemMODERATO Hedge Fund) for 18,000 convertible preferred stock, NH Investment & Securities Co., Ltd. (KOSE:A005940) (In the trustee status of Value System FAST Hedge Fund) for 4,000 convertible preferred stock, Mirae Asset Daewoo Co., Ltd. (KOSE:A006800) (In the trustee status of GVA Fortress-A Hedge Fund) for 35,661 convertible preferred stock, Mirae Asset Daewoo Co., Ltd. (KOSE:A006800) (In the trustee status of GVA Saber-G Hedge Fund) for 2,972 convertible preferred stock, Mirae Asset Daewoo Co., Ltd. (KOSE:A006800) (In the trustee status of GVA Saber-V Hedge Fund) for 2,972 convertible preferred stock, Samsung Securities Co.,Ltd. (KOSE:A016360) (In the trustee status of GVA Fortress-V Hedge Fund) for 2,972 convertible preferred stock, Industrial Bank of Korea (In the trustee status of BrainKOSDAQ Venture Securities Fund(Stock mix)) for 38,768 convertible preferred stock, Shinhan Bank (In the trustee status of Dareum IPOKOSDAQ Venture Hedge Fund ?1 ) for 18,953 convertible preferred stock, Shinhan Bank (In the trustee status of Dareum IPOKOSDAQ Venture Hedge Fund ?2 ) for 10,765 convertible preferred stock, EBEST Investment & Securities Co., Ltd. (KOSDAQ:A078020) for 29,718 convertible preferred stock, YuliSis Korea for 29,718 convertible preferred stock. The transaction has a payment date of October 29, 2020.