On August 8, 2019, GeumVit Corp (KOSDAQ:A045890) closed the transaction. The company has amended the terms of the transaction and issued series 6 bonds for gross proceeds of KRW 22,600,000,000 in the transaction. The transaction included participation from Sangsangin Investment & Securities Co.,Ltd. for KRW 14,100,000,000, Joan Stone Co., Ltd. for KRW 2,000,000,000, and individual investor, Hyunchul Yoon for KRW 6,500,000,000. The bonds will be converted into 10,319,631 common shares at a fixed conversion price of KRW 2,190 per share for 27.20% stake in the company.