BIEMT Co., Ltd. (KOSDAQ:052900) announced a private placement of ninth registered unguaranteed unsecured domestic private convertible bonds for gross proceeds of KRW 1,500,000,000 on February 12, 2016. The securities will be issued at its par value.The bonds will mature on February 16, 2019. The bonds will carry no coupon and yield to maturity of 3% with lump-sum redemption of principal on maturity date for the bonds.

The bonds will have a 100% conversion rate and will be convertible into common shares of the company at a fixed conversion price of KRW 1,350 per share. The conversion period will be from February 16, 2017 to January 16, 2019. Heon-Jung, Kim and Jeong-Hee, Lee each will subscribe bonds for KRW 200,000,000.

Sung-Joon, Won will subscribe bonds for KRW 1,000,000,000. Jung-Sung, Lee will subscribe bonds for KRW 100,000,000. The subscription and payment date is February 16, 2016.

The transaction was approved by the board of directors of the company.