Hwashin Tech Co., Ltd. (KOSDAQ:A086250) announced private placement of series 9 unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 1,000,000,000 on April 30, 2019. The transaction involved participation from new investor Korea Securities Finance Corporation, Investment Arm. The bond carries an interest of 6% per annum and yield to maturity of 6%. The bonds will mature on April 30, 2022. The bonds are issued at par. The bonds are fully converted into 224,265 common shares, representing 1.82% stake of the company at a conversion price of KRW 4,459 per share between April 30, 2020 to March 30, 2022. The transaction has been approved by the board of directors of the company.