Yamau Co., Ltd. (JASDAQ:5284) announced a private placement of 800,000 shares at a price of ¥540 per share for gross proceeds of ¥432,000,000 on February 28, 2018. The transaction will involve participation from new investors ASO Corporation and Tokuyama Corporation (TSE:4043) for 400,000 shares each. Pursuant to the transaction, the investors will acquire 6.5% stake each in the company.

The company reported issuance expenses of ¥3,000,000. The application period for the transaction is up till March 16, 2018. The transaction is expected to close on March 16, 2018.