Asahi-Seiki Manufacturing Co.,Ltd. announced that it has entered into a capital agreement with returning investor, Okaya & Co., Ltd. for a private placement of 80,000 shares at a price of ¥1,972 per share for gross proceeds of ¥157,760,000 on December 23, 2021. The capital will be raised through third party allotment method. The company will pay approximately ¥4,000,000 for disposal costs raising net proceeds of ¥153,760,000.

The transaction is expected to close on January 12, 2022. The treasury stock after disposal will be 599,481 shares. The transaction has been approved by the board of directors.