Kc Industry Co., Ltd. announced a private placement of fourth domestic unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 1,700,000,000 on August 8, 2016. The transaction will include participation from individual investors Park Sanggun for KRW 670,000,000, Lee Sanghoo for KRW 50,000,000, Byungsoo Min for KRW 90,000,000, Seulki Lee for KRW 50,000,000, Jungha Yoo for KRW 200,000,000, Junghoon Lee for KRW 20,000,000, Sinwook Lee for KRW 50,000,000, Yeonwook Lee for KRW 50,000,000, Myosun Lee for KRW 50,000,000, Hwaja Cho for KRW 100,000,000, Sanghwan Jin for KRW 100,000,000, Hyungtae Jeon for KRW 200,000,000, Kyungchim Choi for KRW 20,000,000, and Jaeheon Kim for KRW 50,000,000. The bonds will be issued at par. The bonds carry a fixed annual coupon of 4.5% and yield to maturity of 8%. The bonds will mature on August 10, 2019. The bonds can be fully converted into common shares of the company at a fixed conversion price of KRW 3,615 per conversion share from August 10, 2017 to July 10, 2019. The subscription and payment date of the transaction is August 10, 2016. The transaction has been approved by the board of directors of the company.