Mystar Engineering Corp. (TSE:4695) announced a private placement of 350,000 treasury shares at ¥496 per share with Resona Bank, Limited for gross proceeds of ¥173,600,000 on August 30, 2013. The shares will be issued by third-party allotment. The company will receive net proceeds of ¥173,200,000 after estimated amount of issuance costs of ¥400,000. The company has received board approval for the transaction. The payment date is September 25, 2013.

On September 25, 2013, Mystar Engineering Corp. closed the transaction.