Global Ichiba Corp. announced a private placement of 70,000 common shares at ¥500 per share for gross proceeds of ¥35,000,000 on August 16, 2016. The transaction will include participation from new investor Nousouken Corporation (TSE:3541) to acquire 70% stake in the company. The transaction has been approved by the board of directors of the investor. The payment date is August 30, 2016. Upon completion, the registered capital of the company will increase. The company will issue securities through third party allocation method. The company will pay advisory cost of ¥200,000 in the transaction.