On February 8, 2017, CHEOUM & C Co., Ltd. (KOSDAQ:A111820) closed the transaction. The company amended the terms of the transaction. The company received KRW 9,000,000 in funding. The bonds are convertible into 1,219,512 shares of the company. The transaction included participation from new investors, Chearavanont soopakij for KRW 2,000,000,000 and CP Associates Limited for KRW 7,000,000,000. The company issued bonds at par.