SeedHeiwa Co., Ltd. (JASDAQ:1739) announced a private placement of 253,600 shares with returning investor Sanei Architecture Planning Co.,Ltd. at ¥863 per share for gross proceeds of ¥218,856,800 on February 24, 2015. The investor will increase its stake from 48.28% to 56.41%, acquiring 8.13% stake of the company through the transaction. The net proceeds from the transaction were ¥212,856,800, after deducting estimated amount of issuance fees ¥6,000,000, which includes preparation fees, registration related fees, and share valuation fees.

The transaction will happen through third-party allotment. The payment date will be on March 11, 2015. The transaction has been approved at board of directors meeting of the company.