WOOJUNG BIO, Inc. (KOSDAQ:A215380) announced a private placement of 4th series unregistered coupon unguaranteed non-detachable private bond with warrants for gross proceeds of KRW 10,000,000,000 on August 8, 2018. The transaction includes participation from existing investor, Focus Asset Management Co., Ltd., KB Securities Co.,Ltd, Jib Iei asset management, Samsung Securities Co.,Ltd. (KOSE:A016360), NH Investment & Securities Co., Ltd. (KOSE:A005940), Biotoxtech Co., Ltd. (KOSDAQ:A086040), and Soosung Co.,Ltd. (KOSDAQ:A084180). The bonds have a maturity date of August 10, 2023.

Bonds will be convertible into 3,341,129 corporation friendship bio registered common stock at an exercise price of KRW 2,993 per share and will have an exercise rights duration from August 10, 2019 to July 10, 2023. The transaction is expected to close on August 10, 2018. The transaction has been approved by the board of directors.