Ohki Co., Ltd. (JASDAQ:8120) announced a private placement of 1,500,000 common shares and 1,130,000 treasury shares at ¥490 per share for gross proceeds of ¥1,288,700,000 on March 6, 2014. The shares will be issued by third party allotment. The transaction will include participation from a total of 26 investors including, Kokubu & Co., Ltd., which will invest for 1,000,000 shares, Takeda Pharmaceutical Co., Ltd., which will invest for 400,000 shares, and Asahi Food & Healthcare Co., Ltd., Pokka Sapporo Food & Beverage, Ltd., Kobayashi Pharmaceutical Co., Ltd., Hisamitsu Pharmaceutical Co., Inc., Earth Chemical Co., Ltd., and Meiji Co., Ltd., which will invest for 100,000 shares each among others. Kokubu & Co., Ltd. will hold 7.10% stake in the company after the transaction. The company will receive net proceeds of ¥1,276,700,000 after deducting various issue costs of ¥12,000,000. The board of the company approved the transaction. The settlement date and disposal date is March 26, 2014.


On March 26, 2014, Ohki Co., Ltd. closed the transaction.