Unimat Retirement Community Co., Ltd. (JASDAQ:9707) announced a private placement of 758,712 treasury shares at ¥1,175 per share with top shareholder, Yoji Takahashi for gross proceeds of ¥891,486,600 on November 16, 2016. Pursuant to the transaction, the investor’s stake shall increase from 22.65% to 31.47%. The company will bear various issue costs of ¥2,000,000 and will net proceeds of ¥889,486,600. The shares will be issued by third party allotment. The disposal date is December 2, 2016. The transaction has been approved by the board of the company.