Aisan Technology Co., Ltd. (JASDAQ:4667) announced a private placement of 55,700 common shares at an issue price of ¥3,590 per share for gross proceeds of ¥199,963,000 on August 9, 2017. The transaction will involve participation from Okaya & Co., Ltd. (NSE:7485). The shares will be issued through third party allotment method.

The company will incur issue expenses of ¥6,500,000 in the transaction, including registration taxes of ¥1,000,000, legal expenses ¥3,500,000, and other clerical expenses ¥2,000,000. The net proceeds after the expenses will be ¥193,463,000. The expected payment date of the transaction is August 25, 2017.

The transaction has been approved by the board of the company.