Ruden Holdings Co.,Ltd. (JASDAQ:1400) announced a private placement of 1,011,100 shares at a price of ¥370 per share for the proceeds of ¥374,107,000 to new investor China Travel No. 1 LLP and 10,111 units of prepaid warrants at a price of ¥518 per warrant for the proceeds of ¥5,237,498 to new investor China Travel No. 2 LLP, for gross proceeds of ¥379,344,478 on January 10, 2018. The transaction is expected to close on January 26, 2018. The warrants are exercisable at a price of ¥370 per share. The company will pay registration expenses/legal expenses of ¥2,700,000, planned recipients investigation expenses of ¥200,000, warrants appraisal expenses of ¥1,500,000, and securities registration statement creation expenses of ¥1,500,000. Both the investors will hold 8.33% stake in the company after the allocation of new shares and exercise of all warrants. The shares and warrants are allotted by way of third party capital increase method. The transaction has been approved at the meeting of board of directors of the company.