We Agri Co., Ltd. announced a private placement of 180 common shares at a price of ¥2,394,444.444 per share for gross proceeds of ¥431,000,000 with new investor Techfirm Holdings Inc. (JASDAQ:3625) on March 18, 2019. The transaction took place through third party allotment method. The transaction was approved by the board of directors of the investor. Post the closing, the investor holds majority stake in the company.