Stream Co.,Ltd. (TSE:3071) announced a private placement for gross proceeds of ¥309,309,000 with Licheng (H.K.) Technology Holdings Limited on January 13, 2014. The company will issue 7,150 shares at ¥42,000 per share for gross proceeds of ¥300,300,000 and 715 prepaid warrants at ¥12,600 per warrant for gross proceeds of ¥9,009,000. Each warrant unit consists of 10 shares and will be exercisable at ¥42,000 per share. The securities will be issued on the basis of third party allotment. Upon completion of the transaction, the investor will hold a 15.23% stake in the company. The company will receive net proceeds of ¥298,698,000 post issuance expenses of ¥1,602,000 from the issue of shares. The transaction is expected to close on January 30, 2014.

On January 30, 2014, Stream Co.,Ltd. closed the transaction.