Take and Give. Needs Co., Ltd (TSE:4331) announced that it has entered into a share subscription agreement for a third party allotment of shares for gross proceeds of ¥3,000,000,000 on February 10, 2021. The company will issue 2,000 class 1 preferred stock at a price of ¥1,000,000 per share for gross proceeds of ¥2,000,000,000 to Norinchukin Bank, Investment Arm and 1,000 shares of class 2 preferred stock at a price of ¥1,000,000 per share for gross proceeds of ¥1,000,000,000 to Tsunagu Investments Pte. Ltd. The transaction has been approved by the board of directors of the company. The company will pay ¥204,000,000 as issuance costs including registration-related costs, financial advisory fees, legal advisory fees, and valuation costs and will receive net proceeds of ¥2,796,000,000. The transaction is expected to close on April 20, 2021.