MP Group Inc. announced a private placement of series 4 unregistered coupon unguaranteed private collateralized convertible bond for the gross proceeds of KRW 5,000,000,000 on August 1, 2019. The transaction included participation from Haesun Choi for KRW 3,000,000,000 and Juniper Partners for KRW 2,000,000,000. The bonds carry the interest rate of 2% and yield to maturity 6% with the maturity date August 1, 2022. The bonds are convertible into common shares at a rate of KRW 827 per share. The bonds have a conversion period from August 1, 2020 to July 1, 2022. The transaction was approved by the board of directors.