Energy Material Technology Co., Ltd. (XKON:A232530) announced that it will issue series 6 unregistered private convertible bond for gross proceeds of KRW 7,500,000,000 on September 18, 2018. The transaction will include participation from Jae Se Energy Co., Ltd. The bonds do not carry any coupon and bear yield to maturity of 4%. The maturity date of bonds is September 19, 2020. The bonds are convertible into 4,411,765 common shares representing 30.52% stake at a price of KRW 1,700 per share from September 20, 2019 to August 19, 2020. The date of subscription is September 18, 2018 and payment date is September 20, 2018. The transaction is approved by board of directors of the company. The bonds are prohibited from conversion and share split for a period of 1 year.