Welcron Kangwon Co., Ltd. (KOSDAQ:A114190) announced a private placement of series 4 unregistered private convertible bonds for gross proceeds of KRW 10,000,000,000 on November 19, 2019. The bonds will carry a coupon rate of 4% and yield to maturity of 5%. The bonds will mature on January 15, 2023. The bonds are convertible into 2,529,724 shares at a fixed conversion price of KRW 3,953 and the conversion period starts from January 15, 2021 to December 15, 2022. The transaction will include participation from Round Invest Fund. The transaction is expected to close on January 15, 2020. The transaction was approved by the board of directors of the company.