Miyakoshi Holdings, Inc. (TSE:6620) announced a private placement of 10,600,000 common shares at a price of ¥457 per share for gross proceeds of ¥4,844,200,000 on June 2, 2017. The transaction includes participation from new investors Century Paramount Investment Limited and Long Wing Holdings Limited for 17.7% stake in the company. The company expects to close the transaction on July 5, 2017.