KG Mobilians Co., Ltd (KOSDAQ:A046440) announced a private placement of series 7th domestic unregistered coupon unguaranteed private exchangeable bonds for gross proceeds of KRW 9,800,000,000 on April 10, 2018. The transaction will include participation from Meritz Securities Co., Ltd. (KOSE:A008560), Hana Financial Investment Co., Ltd., Investment Arm, NH Investment & Securities Co., Ltd. (KOSE:A005940), DBGreen Multi-Strategy Hedge Fund 1, Time Portfolio The Time-H Hedge Fund, Time Portfolio The Time-A Hedge Fund, Time Portfolio The Time-H2 Hedge Fund, Time Portfolio The Time-A2 Hedge Fund, Time Portfolio The Venture-V Hedge Fund, Changjo Investment Co., Ltd, Youngsoo Seo for the proceeds of KRW 2,500,000,000, KRW 2,000,000,000, KRW 1,000,000,000, KRW 1,000,000,000, KRW 1,300,000,000, KRW 1,000,000,000, KRW 500,000,000, KRW 500,000,000 respectively. The bonds issued do not carry any rate of interest and yield to maturity.

The bonds will mature on April 12, 2023. The bonds are 100% convertible into 907,407 shares of the company at a price of KRW 10,800 per share. The transaction is expected to close on April 12, 2018.

The transaction has been approved by the board of directors of the company.