Matsuoka Corporation announced a private placement of 185,000 common shares at an issue price of ¥1,061 per share for the gross proceeds of ¥196,285,000 on December 16, 2022. The transaction will include participation from Saha Pathana Inter-Holding Public Company Limited. The company issued shares through third party allotment.

The transaction has been approved by the board of directors of the company and is expected to close on January 12, 2023. The company disclosed the issue expenses of ¥10,000,000.