Haesung Optics Co., Ltd. announced that it has completed a private placement of Series 10 bearer unsecured convertible bonds for the gross proceeds of KRW 15,000,000,000 on October 20, 2023. The bonds are 100% convertible into common shares of the company at a conversion price of KRW 500 per share from October 20, 2024 to September 20, 2028. The coupon rate of bonds is 0% and interest rate to maturity is 3%.

The transaction will include participation from new investor Nokwon Commercials & Industries, Inc. The bonds will be matured on October 20, 2028. The transaction has been approved by the shareholder's of the company.