CAC Holdings Corporation (TSE:4725) announced a private placement of 300,000 common shares at a price of ¥1,416 per share for gross proceeds of ¥424,800,000 through third-party allocation, on October 16, 2020. The transaction will include participation from new investor Yuasa Trading Co., Ltd. (TSE:8074) to acquire 1.78% stake in the company. The transaction has been approved by the board of directors of the company.

The company will receive net proceeds of ¥420,300,000 in the transaction. The payment date of the transaction is November 2, 2020.