Abalance Corporation (TSE:3856) announced private placement of 148,600 shares at a price of ¥605 per share for gross proceeds of ¥89,903,000 on January 11, 2017. The transaction will include participation from Jingukan Co., Ltd. for 99,100 shares, Masayuki Aida for 33,000 shares, and Core Competence Corporation for 16,500 shares. The company will incur issue costs of ¥870,860 in the transaction which include registration taxes of ¥314,600, external inspection expenses of ¥340,200, and securities agency expenses of ¥216,000. The company will receive net proceeds of ¥89,032,140. The transaction is expected to close on January 27, 2017.