Otec Corp. (JASDAQ:1736) announced a private placement of 36,000 shares at ¥596 per share with returning investor, Yamato Valve Co., Ltd. for gross proceeds of ¥21,456,000 on August 27, 2012. The disposal date is September 21, 2012. The transaction was approved at the company's board of directors meeting.

On September 21, 2012, Otec Corp. closed the transaction.