Maruman & Co., Ltd. (JASDAQ:7834) announced a private placement of 1,604,200 shares at ¥187 per share for gross proceeds of ¥299,985,400 on March 26, 2013. The company will issue shares by 3rd party allocation to new investor, Gyeong Su Huh, a Director in the company. The company will receive net proceeds of ¥288,985,400 after estimated expenses for the issuance of ¥11,000,000 including advisory fees, attorney fees, registration fees, investigation fees, and transfer agency fees. Pursuant to the transaction, Gyeong Su Huh will own 13.12% stake in the company. The application period will start on April 12, 2013 and end on April 15, 2013. The payment date is April 15, 2013. The company has received board approval for the transaction.

On April 15, 2013, Maruman & Co., Ltd. closed the transaction.