SJK Co., Ltd. (KOSDAQ:A080440) announced a private placement of 6th series bearer’s interest free private bond convertible bonds for gross proceeds of KRW 3,000,000,000 on November 12, 2018. The transaction will involve participation from Eco Global Co., Ltd. The bonds have yield to maturity of 5% and would mature on November 12, 2021. The bonds do not carry any coupon. The bonds will be fully convertible into 810,810 shares of the company at a conversion price of KRW 3,700 from November 12, 2019 to October 12, 2021. The shares on conversion represent 11.27% stake of the company. The subscription and the payment dates are November 12, 2018. The transaction has been approved by the board of directors of the company. The company may redeem the bonds till May 12, 2020 at 107.6250%, till August 12, 2020 at 108.9375%, till November 12, 2020 at 110.2500%, till December 2, 2021 at 111.6281%, till May 12, 2021 at 113.0063% and December 8, 2021 at 114.3844%.