Brilliant Transport Co., Ltd signed a contract to issue 625 shares at the price of ¥38,400 per share for gross proceeds of ¥24,000,000 on March 22, 2021. Investor will acquire 51% stake through third-party allotment making company subsidiary. The transaction has been approved by the board of directors of the investor. The advisory expense would be ¥6,000,000 and company will receive net proceeds of ¥18,000,000. The transaction is expected to close on April 1, 2021.