vEnvironmental Control Center Co.,Ltd. (JASDAQ:4657) announced that it entered into a contract for private placement of 470,000 common shares at ¥423 per share for gross proceeds of ¥198,810,000 on October 19, 2016. The company will issue shares to new investor Field Partners through third party allocation. The investor will hold 10.05% stake in the company post-closing. The company will incur various issue expenses of ¥15,000,000. The issue expenses include attorney’s fees, business commission, registration-related costs, and securities registration statement creation expenses. The payment date is November 4, 2016.