Sun Corporation (JASDAQ:6736) announced a private placement of 450,000 treasury shares at ¥805 per share for gross proceeds of ¥362,250,000 on March 1, 2013. The transaction will include participation from returning investor, Fuji Shoji Co. Ltd. The investor will acquire a total of 4.12% stake in the company through this transaction.

The investor will hold 4.3% stake in the company after closing of the transaction. The shares will be issued through third party allotment. The disposal date is March 19, 2013.

The company will pay issuance costs including financial advisory fees of ¥4,000,000. The company will receive net proceeds of ¥358,250,000 in the transaction. The transaction was approved at the company's board of directors' meeting.