Yoshimura Food Holdings K.K. (TSE:2884) announced a private placement of 161,800 common shares at an issue price of ¥926 per share for gross proceeds of ¥149,826,800 on August 28, 2020. The company has entered into subscription agreement with the investors. The transaction will involve participation from existing investors, P&E Directions, Inc. for 107,900 shares and P&E Asset Management Co., Ltd. for 53,900 shares. The company will issue shares through third-party allotment method. The shares are issued at a discount of 5.0% on the closing price ¥975, against the average closing price ¥909 yen for the period one month back from the last trading day. The company will incur issuance expenses of ¥3,000,000. The payment date is between September 13, 2020 and September 21, 2020. The transaction has been approved by the board of directors of the company.