Aval Data Corporation (JASDAQ:6918) announced a private placement of 107,000 treasury shares at ¥558 per share for gross proceeds of ¥59,706,000 with eSOL Co.Ltd on November 12, 2013. The shares will be issued by way of third party allotment. The company expects to receive net proceeds of ¥59,406,000 after deducting issuance expenses of ¥300,000.

The transaction is expected to close on November 28, 2013.