Colowide Co.,Ltd. (TSE:7616) announced a private placement of 90 new non-voting preferred shares at price of ¥100,000,000 per share for the gross proceeds of ¥9,000,000,000 with Custody Bank of Japan, Ltd. on July 28, 2020. The company will security through third party allotment. The transaction is expected to close on August 20, 2020.