Gifu landscape architect Co., Ltd. (NSE:1438) announced private placement of 150,000 shares at a price of ¥1,390 per share for gross proceeds of ¥208,500,000 with new investor Sekisui House, Ltd. (TSE:1928) on June 12, 2020. The investor will acquire 9.37% stake. The subscription date is June 29, 2020 and payment date is June 30, 2020.

¥104,250,000 each will go towards capital and reserves. The company will pay ¥500,000 as issue expenses. The transaction has been approved by the board of directors of the company.