Meganesuper Co., Ltd announced a private placement of 11,364,000 common shares at an issue price of ¥55 per share for the gross proceeds of ¥625,020,000 on September 24, 2020. The transaction will include participation from returning investor Visionaryholdings Co.,Ltd. (JASDAQ:9263). The transaction is expected to close on October 30, 2020. Post the closing, the issued share capital would be 170,295,034 shares and capital would be ¥412,510,000 and capital reserve would be ¥312,510,000. Post the closing, the investor will hold 100% stake in the company.