LTC Co., Ltd. (KOSDAQ:A170920) announced a private placement of 2nd series bearer interest-free non-guaranteed private convertible bonds for gross proceeds of KRW 6,000,000,000 on November 28, 2019. The transaction will include participation from SUSUNG ASSET MANAGEMENT Co., Ltd for KRW 2,500,000,000, Susung Kosdaq Venture Multi-Asset Private Equity Private Investment Trust No. 2 for KRW 800,000,000, Susung Multi Mezzanine P8 Private Equity Fund for 500,000,000, Susung Kosdaq Venture P4 Private Equity Fund for KRW 1,000,000,000, Susung Multi Mezzanine P9 Private Equity Fund for 300,000,000, Susung Multi-Asset Private Equity Fund No.

5 for KRW 400,000,000 and Hanyang Securities Co. Ltd. (KOSE:A001750) for KRW 500,000,000. The bonds bear interest at a fixed rate of 1% per annum with and would mature on November 29, 2024 The bonds are fully convertible into common shares of the company at a fixed conversion price of KRW 11,033 per share between the period November 29, 2020 to October 29, 2024.

The subscription date and the payment date is November 29, 2019. The transaction has been approved by the board of directors of the company.