Jaccs Finance Philippines Corporation announced a private placement of common shares for gross proceeds of PHP 500,000,000 on March 12, 2021. The transaction will involve participation from existing investors, JACCS Co., Ltd. (TSE:8584) and Sojitz Corporation (TSE:2768). Post-closing of the transaction, JACCS Co., Ltd. (TSE:8584) and Sojitz Corporation (TSE:2768) will continue to retain their stakes of 65% and 35% respectively in the company.

Post-closing of the transaction, the capital of the company has increased from PHP 750,000,000 to PHP 1,250,000,000. The transaction has been approved by the board of directors of the company.