Unicafe Inc. (TSE:2597) announced a private placement of 1,318,100 common shares at a price of ¥1,138 for gross proceeds of ¥1,499,997,800 on November 9, 2018. The transaction will include participation from new investor Mitsubishi Corporation (TSE:8058), which will hold 10.02%. Post the closing, the investor will hold 9.5% stake in the company.

The transaction was approved by the board of directors of the company. The transaction will take place through third party allotment method. The transaction is expected to close from January 7, 2019 to January 21, 2019.

The company will pay issue expenses of ¥11,000,000 in the transaction.