HANKOOK Technology Inc. (KOSDAQ:A053590) announced a private placement of series 20 Non-guaranteed private convertible bonds with bearer interest for gross proceeds of KRW 7,000,000,000 on October 16, 2020. The transaction will include participation from DSME construction co ltd. The bonds have a coupon rate of 0% and interest rate to maturity is 5%. The bonds will mature on November 11, 2023. The bonds can be 100% converted into 8,000,000 common shares for 7.98 % stake of the company at a fixed conversion price of KRW 875 per share. The conversion period start on November 16, 2021 and ends on October 16, 2023. The transaction has been approved by board of directors. The transaction is expected to close on November 16, 2020 and subscription date is October 16, 2020.