Hyundai Bioscience Co., Ltd. announced a private placement to issue Zero Coupon Series 10 Bearer Interest Unsecured Private Placement Convertible Bonds due June 19, 2027 for the gross proceeds of KRW 3,000,000,000 on June 17, 2024. The transaction will include participation from new investor GC Partners Co., Ltd. The transaction has been approved by shareholders, restricted to a hold period and is expected to close on June 19, 2024. The bonds bear zero coupon rate, 7% maturity rate and matures on June 19, 2027.

The bonds are 100% convertible into 156,846 shares at a conversion price of KRW 19,127 from  June 19, 2025 to May 19, 2027.