Eutilex.Co.,Ltd. (KOSDAQ:A263050) announced a private placement of 712,036 Registered Convertible preferred shares at an issue price of KRW 31,600 for gross proceeds of KRW 22,500,337,600 on May 12, 2021. The company will issue 712,036 common shares on conversion date. The conversion period starts from May 20, 2022 and end on May 19, 2026.The transaction is expected to close on May 20, 2021. The transaction was approved by board of directors. The transaction included participation from fund 1, 2, 3 managed by Asset One Asset Management Co., Ltd for 205,695 shares, fund 4,5,6,7,8,9,10,11 managed by returning investor SUSUNG ASSET MANAGEMENT Co., Ltd. for 597,986 shares , fund 12,13,14,15,16 managed by Focus Asset Management Co., Ltd for 79,116 shares, fund 17,18,19 managed by GVA Asset Management Co., Ltd. for 79,116 shares, fund 20,21, a fund managed by W Asset Management Co., Ltd for 79,115 shares, fund 22 managed by Orian Asset Management Co., Ltd for 31,646 shares, fund 23, managed by Brain Asset Management Co., Ltd for 31,646 shares, fund24 managed by Stick Alternative Asset Management Co., Ltd. The shares issued are subjected to 1 year hold period.