Asahi Eito Co., Ltd. announced a private placement to issue 228,900 common shares at a price of ¥437 per common shares for a gross proceeds of ¥103.470344 million and 10,298 5th stock acquisition rights and 3,808 6th stock acquisition rights at issue price of ¥194 per 5th stock acquisition right and ¥379 per 6th stock acquisition rights for gross proceeds of ¥1,997,812 for 5th stock acquisition rights and ¥1,443,232 for 6th stock acquisition rights in aggregate total proceeds of ¥3,441,044 on September 22, 2022. The transaction will include participation from Country Garden Japan for 1,029,800 shares and 10,298 for 5th stock acquisition rights and Genesis Universal Limited for 380,800 shares and 3,808 6th stock acquisition rights. The transaction is expected to close on October 12, 2022.

The stock acquisition rights are convertible into 100 common shares of the company at an initial exercise price of ¥437 per share. The company will issue common stock and stock acquisition rights through third-party allotment. The transaction has been approved by the board of directors of the company.