Yamabiko Corporation (TSE:6250) announced a private placement of 175,400 treasury shares at ¥1,140 per share with new investor, Maruzen Showa Unyu Co. Ltd. for gross proceeds of ¥199,956,000 on December 10, 2012. The shares will be issued by third party allocation.

The company has received board approval for the transaction. The company will receive net proceeds of ¥197,856,000 after estimated expenses due to the issuance including cost of document creation etc. of ¥2,000,000.

The shares will represent 1.59% stake in the company. The disposal date is December 26, 2012.