kaihan co.,Ltd. announced a private placement of 10,000,000 shares of common stock at the price of ¥100 per share for gross proceeds of ¥1,000,000,000 and 25,000 5th stock acquisition rights at the price of ¥2,800 per right for gross proceeds of ¥70,000,000 and for total proceeds of ¥1,070,000,000 on March 2, 2022. Motohiro Yoshikawa will acquire 10,000,000 shares through third party allotment and capitalization amount would be ¥500,000,000. NAIC Sustainable LLC will acquire 15,000 rights, Seacastle Singapore Pte.

Ltd will acquire 5,000 rights and existing investor TB1 Co., Ltd. will acquire 5,000 right. The transaction has been approved by the board of directors of the company. The extraordinary general meeting of shareholders is scheduled for March 25, 2022.

The transaction is expected to close on March 28, 2022.