NAGAWA Co., Ltd. (TSE:9663) announced a private placement of 75,900 common shares at an issue price of ¥7,890 per share for gross proceeds of ¥598,851,000? on May 14, 2021. The transaction will involve participation from Nikken Kogaku Co., Ltd. (TSE:9767) for 12,600 shares, and Meiko Construction Co.,Ltd. (NSE:1869) for 63,300 shares.

The company will issue shares through third-party allotment method. The company will incur expenses of ¥3,000,000. The payment date is June 1, 2021.

The transaction has been approved by the board of directors of the company. The transaction is subject to the entry into force of the notification based on the Financial Instruments and Exchange Act.