EXEM Co., Ltd. (KOSDAQ:A205100) announced a private placement of 4th series unregistered unguaranteed and unsecured private convertible bonds for gross proceeds of KRW 10,000,000,000 on June 4, 2018. The transaction will include participation from new investor Ibkc-Tongyang Growth 2013 Private Equity Fund. The bonds carry zero coupon and are fully convertible into common shares of the company at a fixed exercise price of KRW 4,000 per share from June 8, 2019 to June 7, 2048. The transaction is expected to close on June 7, 2018.