Hachi-Ban Co., Ltd. (JASDAQ:9950) announced a private placement of 457,000 treasury shares at ¥615 per share for gross proceeds of ¥281,055,000 on October 30, 2015. The transaction is expected to close on November 18, 2015. As part of the transaction, 100,000 shares will be allocated to Kirin Brewery, 100,000 shares to Nisshin Flour Milling, Inc., 100,000 shares to ALP, Inc., 77,000 shares to Yamato Sangyo Co., Ltd., 22,000 shares to Nippon Suisan Kaisha, Ltd., 20,000 to Kenko Mayonnaise Co., Ltd., 20,000 shares to Hoshizaki Electric Co., Ltd., 10,000 shares to Salad Cosmo Co., Ltd. and 8,000 shares to Takase Bussan Co., Ltd. The company will incur issue costs of ¥2,800,000 which include legal fees and advisory fees, securities report creation expenses amongst others and will receive net proceeds of ¥278,255,000 in the transaction.