Ezen Tech Co.,Ltd (KOSDAQ:A033600) announced a private placement of 7,188,699 common shares at a price of KRW 3,895 per share for gross proceeds of KRW 27,999,982,605 and a private placement of series 1 unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 2,000,000,000, and series 2 unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 20,000,000,000 for total gross proceed of KRW 49,999,982,605 on January 26, 2018. The transaction will include participation from Bio & Technology Co., Ltd. will subscribe 1,283,697 shares, Sermion Equity Holdings Co., Ltd. will subscribe 1,283,697 shares, Hbio Holdings Co., Ltd. 1,283,697, Lightron Inc. (KOSDAQ:A0;69540) will subscribe 513,478 and KRW 6,000,000,000 bonds , T Clear Co., Ltd. will subscribe 513,478 and KRW 2,000,000,000, T Clear One Co., Ltd. will subscribe 513,478 and KRW 2,000,000,000, Kim, Heejae will subscribe 513,478 shares, Shin, Jaehyun will subscribe 513,478 shares, Sung, Soohyun will subscribe 385,109 shares, and Jung, Jaejun will subscribe 385,109 shares. The security payment date is March 21, 2018.

The securities will be locked up for a year at the Korean Securities Depository. The 1st bond carries 3% coupon rate and yield to maturity is 3%. The 2nd bond carries 0.5% coupon rate and yield to maturity is 7%.

The 1st bond will mature on January 29, 2021 and 2nd bond will mature on March 21, 2021. The subscription and payment date for the bonds are January 26, 2018 and February 29, 2018 respectively. The 1st bonds will be fully convertible into shares at a fixed conversion price of KRW 4,801 per share between January 29, 2019 and January 28, 2021.

The 2nd bonds will be fully convertible into 4,165,795 shares at a fixed conversion price of KRW 4,801 per share between March 21, 2019 and March 20, 2021. The company has received approval from the board of directors.