GTG Wellness CO.,LTD (KOSDAQ:A219750) announced a private placement of series 3 unregistered coupon unguaranteed private convertible bond for gross proceeds of KRW 8,000,000,000 on February 1, 2019. The transaction will include participation from Ace Susung New Technology Fund 3, for KRW 2,000,000,000, Susung Asset Management Co., Ltd., FOR krw 1,000,000,000, Susung KOSDAQ Venture Multi-Asset Public Stock Hedge Fund, KRW 500,000,000, Susung KOSDAQ Venture Privilege Hedge Fund, for KRW 700,000,000, Susung KOSDAQ Venture PLUS Multi-Strategy Hedge Fund, KRW 500,000,000, Susung Multi-Asset Hedge Fund 5, Ace Susung New Technology Fund 5, and Susung High Yield P1 Hedge Fund, for KRW 1,000,000,000, Susung Korea Investment Mezzanine Plus Hedge Fund, for KRW 3,000,000,000. The bond is not carrying any coupon rate and yield to maturity of 1% per annum. The bonds will mature on February 12, 2023. The bond is convertible into 1,107,726 common shares at a conversion price of KRW 7,222 per share and will be convertible between February 12, 2020, and February 11, 2023. The subscription date is February 1, 2019, and payment date is February 12, 2019. The transaction was approved by the board of directors of the company.