Liveplex Co.,Ltd. (KOSDAQ:A050120) announced a private placement of 3rd series unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 10,000,000,000 on February 21, 2018. The transaction will include participation from Jangsan Co., Ltd. for gross proceeds of KRW 4,000,000,000, SM Culture & Contents Co., Ltd. (KOSDAQ:A048550) for gross proceeds of KRW 3,000,000,000, Kyungho Kim for gross proceeds of KRW 1,000,000,000, Hanyong Im for gross proceeds of KRW 1,000,000,000, and Hosun Kim for gross proceeds of KRW 1,000,000,000. The transaction has been approved by the board of directors of the company.

The bonds have yield to maturity of 2.6% and would mature on March 12, 2021. The bonds carry a coupon rate of 2.6%. The bonds are fully convertible into 6,666,666 shares of the company at a fixed conversion price of KRW 1,500 between a period of March 12, 2019 to February 12, 2021.

The subscription date is February 21, 2018. The payment date is March 12, 2018. The transaction has been approved by the board of directors of the company.