Myungjin holdings.,Corp. (XKON:A267060) announced a private placement of series 4 registered unguaranteed private convertible bond for gross proceeds of KRW 1,000,000,000 on September 9, 2019. The transaction will include participation from Cactus Oasis Private Equity Limited Partnership No. 1. The bonds will mature pm September 22, 2024. The bonds have a yield to maturity date of 7%. The bonds are 100% convertible into 333,333 shares at a conversion price of KRW 3,000 starting from September 23, 2019, to August 22, 2019. The transaction is expected to close on September 10, 2019. The transaction has been approved by the board of directors of the company.