JC Comsa Corporation (JASDAQ:2876) announced a private placement of 900,000 common shares at ¥316 per share with new investor, PT Indofood CBP Sukses Makmur Tbk for gross proceeds of ¥284,400,000 on March 2, 2015. Out of total shares to be issued, 272,600 are treasury shares. On closing, the investor will hold 9.89% stake in the company.

The payment date is expected on March 18, 2015. The company expects to incur issue costs of ¥6,000,000 which includes registration-related expenses, legal fees and advisory expenses. The net proceeds from the transaction will be ¥278,400,000.

The transaction was approved by the board of directors of the company.