SJK Co., Ltd. (KOSDAQ:A080440) announced a private placement of 1,860,119 common shares at an issue price of KRW 2,688 per share for gross proceeds of KRW 4,999,999,872, 1,116,071 common shares at a price of KRW 2,688 per share for gross proceeds of KRW 2,999,998,848, series 8 unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 5,000,000,000, and series 7 unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 5,000,000,000, for total gross proceeds of KRW 17,999,998,720 on December 12, 2018. The company will issue 1,860,119 common shares to East Asia Holdings Investment Limited (KOSDAQ:A900110) for gross proceeds of KRW 4,999,999,872, 1,116,071 common shares to Beautiful Korea Group Co., Ltd., series 8 bonds to new investor Growth & Value Fund 9, and series 7 bonds to other investors. The common shares will be issued in the transaction for a face value of KRW 500 per share through third party allotment method at a discount rate of 10%. The shares subscribed by East Asia Holdings Investment Limited (KOSDAQ:A900110) will have the eligibility date for dividend payout as January 1, 2018, scheduled delivery date as January 14, 2019, and listing date as January 15, 2019. The shares subscribed by Beautiful Korea Group Co., Ltd. will have the eligibility date for dividend payout as January 1, 2018, scheduled delivery date as January 8, 2019, and listing date as January 9, 2019. The company expects to issue 1,860,119 common shares on December 28, 2018 and 1,116,071 common shares on December 21, 2018. Post the closing of the transaction, the total number of common shares issued by the company will increase from 7,196,330 to 10,172,520 common shares. The shares to be issued in the transaction are subject to a lock up period of up to one year. The bonds are 100% convertible into 1,626,016 registered common shares at a price of KRW 3,075 representing 22.60% of the total number of shares, and will have a coupon rate of 2% and yield to maturity of 4%. Series 8 bonds have a conversion period from February 22, 2020 to January 22, 2020, maturity date of February 22, 2022, and subscription date of December 12, 2018. Series 7 bonds have a conversion period from January 18, 2020 to December 18, 2021, maturity date of February 18, 2022, and subscription date of December 12, 2018. The company expects to issue the bonds on February 22, 2019. The transaction has been approved by the board of directors of the company.