Aval Data Corporation (JASDAQ:6918) announced a private placement of 35,000 treasury shares at ¥870 per share for gross proceeds of ¥30,450,000 on August 30, 2016. The transaction will include participation from new investor Tokyo Electron Device Limited (TSE:2760). The company expects to close the transaction on September 14, 2016.

The company will issue shares through third party allotment method. The company will pay various expenses of ¥300,000 and will receive net proceeds of ¥30,150,000. The transaction has been approved by the board of directors of the company.