Econach Holdings Co.,Ltd. announced a private placement of 10,204,000 shares at the price of ¥87 per share for gross proceeds of ¥887,748,000 on February 7, 2022. The company will allocate 5,102,000 comprises 9.64% stake shares to new investor WeB Corporation, 3,061,200 shares comprises 5.79% stake to new investor NFK Holdings Co., Ltd., and 2,040,800 shares comprises 3.86% stake to new investor Izu Shaboten Resort Co., Ltd. by the method of issuing new shares by third-party allotment. The transaction has been approved by the board of directors of the company.

The transaction is expected to close on March 1, 2022. The issuance cost would be ¥5,300,000 including registration fee of ¥3,200,000, stock administration fee of ¥800,000, securities registration statement preparation support costs of ¥500,000, relevance to antisocial forces survey cost of ¥800,000 and net proceeds of ¥882,448,000.