Nagoya Electric Works Co., Ltd. (NSE:6797) announced a private placement of 220,000 shares at a price of ¥451 per share with new investor, The Nippon Signal Co., Ltd. for gross proceeds of ¥99,220,000 on August 25, 2015. The shares will be issued through third party allotment method. The payment date is September 14, 2015.

The investor will acquire 3.43% stake in the company through this transaction. The company will pay issuance expenses including registration and license tax, and judicial scrivener expenses of ¥800,000 in the transaction.