Demae-Can Co., Ltd (JASDAQ:2484) announced that it will issue 41,096,000 common shares at an issue price of ¥730 per share for the gross proceeds of ¥30,000,080,000 on March 26, 2020. The transaction will include participation from new investor Mirai Fund Limited Liability Partnership for 20,548,000 shares and 25.05 stake in the company and existing investor LINE Corporation (TSE:3938) for 20,548,000 shares, and post the closing will hold 35.88 stake in the company. The issued number of shares constituting one unit is 100 shares.

The capital reserve will be increased from ¥15,000,040,000. The transaction has been approved by the board of directors of the company.