Hitron Systems Inc. (KOSE:A019490) announced a private placement of series 21 bearer's interest-free non-guaranteed private equity exchange bond for gross proceeds of KRW 700,000,000 on October 23, 2019. The transaction will include participation from single investor Aqueous Asset Management Co., Ltd. The series 21 convertible bonds will have a zero coupon and will mature on October 25, 2024. All series 21 bonds will be exchanged into 196,795 common shares at an exchange price of KRW 3,557 per share. The exchange period for bonds is from 30 October 2019 to 25 September 2024. The payment date of the transaction is October 25, 2019. The transaction has been approved by the company board of director's of the company.