Suzuyo Shinwart Corporation (TSE:9360) announced a private placement of 500,000 shares with new investor, Information Services International-Dentsu, Ltd. at ¥149 per share for gross proceeds of ¥74,500,000 on February 17, 2016. As part of the transaction, the investor will acquire 3.33% stake in the company. The transaction will take place through third party allotment.

The settlement date for the transaction is March 3, 2016. The transaction was approved by the board of directors of the company. The company will incur issue costs including registration expenses and other commissions, etc.

of ¥1,700,000 and will receive net proceeds of ¥72,800,000.