Owari Precise Products Co.,Ltd. (NSE:7249) announced a private placement of 200,000 treasury shares at ¥257 per share with Chuetsu Metal Works Co., Ltd. for gross proceeds of ¥51,400,000 on July 11, 2013. The transaction is expected to close by July 31, 2013.

On July 12, 2013, the company announced that the shares will be issued by third-party allocation. The transaction has been approved by the board of the company. The disposal date is July 31, 2013.