SNTEK Co., Ltd. (KOSDAQ:A160600) announced a private placement of 6th series unregistered unguaranteed private convertible bonds for gross proceeds of KRW 13,000,000,000 on February 20, 2019. The bonds have a maturity date of February 22, 2024. The bonds are 100% convertible into 2,206,756 shares of the company at a fixed conversion price of KRW 5,891 from February 22, 2020 to January 22, 2024.

The transaction has been approved by the board of directors of the company. The subscription date and the payment date of the transaction is February 22, 2019. The transaction will involve participation from new investors Samsung Securities Co.

Ltd. corporation from trust dealers concerned position of SP KOSDAQ Venture Hedge Fund 1 and Woori Investment Bank Co., Ltd., Investment Arm for KRW 2,000,000,000 each, Woori Partnership New Technology Private Equity Fund; a fund managed by Woori Private Equity Asset Management, Industrial Bank of Korea, Investment Arm, IBK Capital Corporation, Mirae Asset Daewoo Co., Ltd., Investment Arm, and Hanwha Investment & Securities Co., Ltd. (KOSE:A003530) for KRW 1,000,000,000 and other investors.