Yutorino Kukan Corporation signed an agreement for a private placement of 2,000 common shares for gross proceeds of ¥300,000,000 on September 27, 2019. The transaction will be completed in two tranches through third party allotment. The company will issue 1,340 shares representing 50.4% stake in first tranche on September 27, 2019 and 660 shares representing 9.8% stake by December 20, 2019. Upon completion, the investor will hold 60.2% stake in the company. The transaction was resolved by Board of Directors meeting of Mobcast Holdings Inc. on September 27, 2019. The transaction is expected to close on December 20, 2019. On the same day, the company issued 1,340 shares in the first tranche.