Hwashin Tech Co., Ltd. (KOSDAQ:A086250) announced a private placement of 5th series unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 1,000,000,000 on January 16, 2019. The transaction involves participation from CMG International Pty., Ltd. The bonds carry 3% yield to maturity and do not carry any coupon. The bonds will mature on January 16, 2022. The bonds are 100% convertible at fixed conversion price of KRW 5,329 per share into 187,652 shares. The conversion period will start on January 16, 2020 and will end on December 16, 2021. The transaction has been approved by the board of directors of the company. The subscription date is January 16, 2019.