Miev Co., Ltd. (XKON:A225850) announced private placement of 4th non-guaranteed private convertible bonds for gross proceeds of KRW 500 million with How Investment Co., Ltd. on January 29, 2020. The bonds bear coupon and yield to maturity of 3% per annum. The bonds will mature on January 30, 2023. The bonds are convertible into 191,938 shares representing 5.76% stake at a fixed conversion price of KRW 2,605 per share between January 30, 2021 and January 29, 2023. The bonds are redeemable at 100% amount from April 30, 2021 to October 30, 2022. The investor has put rights in the bonds. The expected payment and subscription date is January 30, 2020. The transaction has been approved by the board of directors of the company.