Maruman & Co., Ltd. (JASDAQ:7834) announced a private placement of 3,300,000 shares at a price of ¥110.909090 per share for gross proceeds of ¥366,000,000 on August 10, 2016. The transaction will include participation from Korea-based golf products maker, which will acquire 21.36% stake in the company through this transaction, and other investors. Upon completion of the transaction; the company’s existing investor, COSMO & Company Co., Ltd. stake will decrease from 25.22% to 21.36%.