CAS Corporation (KOSDAQ:A016920) announced a private placement of series 12 non-guaranteed private convertible bond for an aggregate gross proceeds of KRW 10,000,000,000 on December 16, 2020. The transaction will include participation from Focus TF-AP Private Equity Investment Trust No. 1, Focus Super Rich Specialized Private Equity Fund No. 4, Focus TF-AP KOSDAQ Venture Specialized Private Equity Trust No. 2, Focus SY-AP Private Equity Investment Trust No. 1, Focus MD-AP KOSDAQ Venture Private Equity Trust No. 1 for an aggregate amount of KRW 3,000,000,000, SUSUNG ASSET MANAGEMENT Co., Ltd. for KRW 1,000,000,000, Ace Susung New Technology Fund 11 for KRW 1,000,000,000, A-One Mezzanine Advantage Professional Investment Private Equity Trust for KRW 200,000,000, A-One Mezzanine The Classic Professional Investment Private Equity Trust, A-One Mezzanine Opportunity Specialized Investment Private Equity Trust for KRW 600,000,000, A-One Mezzanine Absolute Specialized Investment Type Private Equity Trust, A-One Mezzanine Plus Public Stock Specialized Investment Type Private Equity Trust, A One Mezzanine Plus Alpha Kosdaq Venture Specialized Private Equity Investment Trust, A One Listed Private Equity Investment Trust Private Equity Investment Trust, A-One Supreme Kosdaq Venture Specialized Private Equity Investment Trust for KRW 1,200,000,000, Atman KOSDAQ Venture Professional Investment Type Private Equity Trust No. 1 for KRW 1,000,000,000, Shinhan Financial Investment Co., Ltd. for KRW 1,000,000,000, and DB Financial Investment Co.,Ltd., Investment Arm for KRW 1,000,000,000. The maturity date for bonds is December 18, 2025 and will carry zero coupon rate of interest. The bonds are fully convertible into common shares of the company at a conversion price of KRW 2,501 per share. The investor can acquire 1,599,360 common shares based on the initial conversion price when the conversion right is exercised and up to 2,284,800 shares can be acquired after refixing 70% adjustment. The transaction is expected to close on December 18, 2020. The transaction has been approved by the board of directors of the company.