Global Medical Research Institute Co., Ltd. announced a private placement of 1,750 shares at ¥1,000,000 per share for gross proceeds of ¥1,750,000,000 on April 28, 2016. The transaction will include participation from new investor Maruko Co., Ltd. Investor will acquire 2.14% stake in the company. The transaction is expected to be completed by July 15, 2016.