Maruc Co.,Ltd. (TSE:7056) announced a private placement of 50,000 common shares at a price of 50,000 common shares representing 7.69% stake at a price of ¥1,450 per share for gross proceeds of ¥72,500,000 on April 9, 2020. The transaction will take place through third party allotment. The company will pay expenses of ¥300,000, including registration costs of ¥260,000 and other costs of ¥40,000, resulting in net proceeds of ¥72,200,000.

The transaction is expected to close on April 27, 2020. The transaction has been approved by the board of directors of the company and is subject to approval by the shareholders at the extraordinary general meeting. prior to the transaction, the total number of issued shares are 600,000.