Vitec Vegetable Factory Co., Ltd. announced that it has issued 500,000 shares at a price of JPY 10,000 per share for gross proceeds of JPY 5,000,000,000 on February 26, 2018. The transaction will include participation from Development Bank of Japan Inc. for 20,000 shares, Canon Electronics Inc. (TSE:7739) for 20,000 shares, Vitec Holdings Co., Ltd. (TSE:9957) 304,000 shares, Kokubu Group Corp. for 10,000 shares, Ryonetsu Kogyou co.,ltd for for 20,000 shares, and five other companies for 66,000 shares. The transaction is expected to close on April 2, 2018. The transaction has been approved by the board of directors of the company.