Sambu Engineering & Construction Co., Ltd (KOSE:A001470) announced a private placement of series 70 domestic unregistered coupon nonguaranteed private convertible bond for gross proceeds of KRW 35,000,000,000 on August 5, 2020. The transaction will include participation from new investors High Home Korea Co., Ltd. for KRW 6,700,000,000, First Time Co., Ltd. for KRW 6,700,000,000, Yeomyung Industrial Co., Ltd. for KRW 6,600,000,000, Shinmyeong Housing Co., Ltd. for KRW 4,200,000,000, Hosung Industrial Co. Ltd. for KRW 6,600,000,000, and Daeshin Development Engineering Co., Ltd. for KRW 4,200,000,000. The bonds are redeemable, will be issued at par, will carry 3% fixed coupon rate, 4% yield to maturity rate, will mature on December 29, 2023, and are fully convertible into 35,000,000 common shares representing 17.72% stake, at a fixed conversion price of KRW 1,000 per share from December 29, 2021 to November 29, 2023. The transaction has been approved by the board of directors of the company. The subscription date of the transaction is August 5, 2020, and the payment date is December 29, 2020.