kaihan co.,Ltd. (TSE:3133) announced a private placement of 7,500 stock acquisition rights at the price of ¥4,000 per right for gross proceeds of ¥30,000,000 on October 13, 2020. The transaction will include participation from Japan Renaissance Investment Business Association who will acquire 7,500 rights. The allocation is done through third party allocation. The total issuance expenses would be ¥14,500,000. The transaction is expected to close on November 12, 2020. The transaction has been approved by the board of directors and is subject to a special resolution approval of the advantageous issuance of the Stock Acquisition Rights at the Extraordinary General Meeting of Shareholders.