SBI Insurance Group Co., Ltd. (TSE:7326) announced a private placement of 2,000,000 shares at a price of ¥1,139 for the gross proceeds of ¥2,278,000,000 December 19, 2019. The transaction will include participation from Hikari Tsushin, Inc. (TSE:9435). The company will raise funding through third party allotment.

The transaction has been approved by board of directors meeting. The payment date of transaction is January 9, 2020. The company will pay issue expenses of ¥9,000,000 in the transaction.