Hitron Systems Inc. (KOSE:A019490) announced a private placement of series 22 unregistered coupon nonguaranteed private convertible bond for KRW 15,000,000,000 on February 5, 2021. The transaction will include participation from KB Partners, LLC. The bonds will carry no interest rate and interest rate to maturity of 1% and will mature on February 9, 2024. The bonds are convertible into 2,149,921 shares of the company at a conversion price of KRW 6,977 per share. The conversion period will start from February 9, 2022 and ends on January 9, 2024. The transaction is expected to close on February 9, 2021. The transaction has been approved by the board of directors of the company.