Hitron Systems Inc. (KOSE:A019490) announced a private placement of 2nd unregistered coupon unguaranteed convertible bond for gross proceeds of KRW 7,000,000,000 on August 17, 2018. The transaction will include participation from Hanyang Securities Co. Ltd., Investment Arm for KRW 1,000,000,000, Susung Asset Management Co., Ltd. for KRW 2,100,000,000, Focus H3 Super Rich Platimum KOSDAQ Venture Hedge Fund 1, Focus N3 Super Rich Poseidon KOSDAQ Venture Hedge Fund 1,Focus H3 Super Rich Diamond KOSDAQ Venture Hedge Fund 1,Focus H3 Super Rich Treasury Island KOSDAQ Venture Hedge Fund 1 ,Focus Y3 Super Rich Hawk KOSDAQ Venture Hedge Fund 1, Focus H3 Super Rich El Dorado KOSDAQ Venture Hedge Fund 1 ,Focus H3 Super Rich Magic Stone KOSDAQ Venture Hedge Fund 1, Focus S3 Super Rich Edison KOSDAQ Venture Hedge Fund 1 ,Focus S3 Super Rich Einstein KOSDAQ Venture Hedge Fund 1 ,Focus N3 Super Rich Hercules KOSDAQ Venture Hedge Fund 1, Focus K3 Super Rich Blue Bird KOSDAQ Venture Hedge Fund 1, Focus S3 Super Rich Newton KOSDAQ Venture Hedge Fund 1, Focus S3 Super Rich Triple-Up KOSDAQ Venture Hedge Fund 1, Focus S3 Market Winner Super Rich Hedge Fund 1, Focus S3 Super Rich Multi-Smart Hedge Fund 1, ,Focus S3 Galaxy Super Rich Hedge Fund 1 for KRW 2,000,000,000. The bond will carry zero coupon rates and 1.5% yield to maturity and will mature on August 21, 2022. The bonds can be 100% converted common shares at a fixed conversion price of KRW 23,800 per share. The conversion period is from August 21, 2019 to July 21, 2022. The transaction has been approved by the board of directors of the company. The transaction is expected to close on August 21, 2018.