Hanatour Japan Co., Ltd. announced a private placement of 1,664,700 common shares at a price of ¥901 per share for gross proceeds of ¥1,499,894,700 on November 2, 2021. The transaction will include participation from Hanatour Service Inc. for 1,216,600 shares and Byung-Chan Lee for 448,100 shares. The shares will be issued through third party allotment method.

The company will pay ¥16,000,000 as issue expenses including expenses for the creation of documents such as the of the securities registration statement, attorney fees, and other fees, brining the total proceeds to ¥1,483,894,700. The stake of Hanatour Service Inc. will increase from 51.60% to 54.45% and Byung-Chan Lee from 19.01% to 20.06%. The transaction is expected to close on November 30, 2021.