21LADY Co., Ltd. (NSE:3346) announced a private placement of 140,400 common shares at a price of ¥356 per share for gross proceeds of ¥49,982,400 on March 14, 2018. The transaction will include participation from existing investors Siam Rising Investment No. 1 LLC for 70,200 shares and Michiko Fujii for 56,200 shares, Yoshihiro Kitagawa for 5,600 shares, Sachiko Uchiyama for 3,500 shares, Motoko Kobatake for 3,500 shares, and Mieko Saito for 1,400 shares. The shares will be issued through a 3rd party allotment method. The company will incur issue costs of ¥420,000 and will receive net proceeds of ¥49,562,400. The company intends to complete the transaction on March 29, 2018. The transaction has been approved by board of directors of the company.