Hansol Secure Co., Ltd. (KOSDAQ:A070300) announced a private placement of 1st bearer zero coupon no-guaranteed private convertible bond for gross proceeds of KRW 3,000,000,000 on May 27, 2020. The bonds being issued are 100% convertible into 416,204 shares of the company representing 5.35% of the total shares at a fixed conversion price of KRW 7,208 per share starting May 29, 2020 till April 29, 2023. The payment date of the transaction is May 29, 2020. The bonds will bear a surface interest rate of 0% per annum. The bonds will mature on May 29, 2023. The transaction has been approved by the board of directors of the company.