A.C HOLDINGS Co.,Ltd. (JASDAQ:1783) announced a private placement of 2,000,700 treasury shares at ¥67 per share and 340,000 warrants at ¥108 per warrant for gross proceeds of ¥170,766,900 on November 20, 2014. Each warrant can be exercised for 100 common shares of the company at an exercise price of ¥67 per share for a period between December 9, 2014 to December 8, 2017. The payment date is December 8, 2014.

The transaction will take place through third party allotment. The transaction will include participation from existing investor Access Asia Co., Ltd. which will purchase entire treasury shares and will own 39.98% stake in the company following the transaction and 190,000 warrants and Sunny Idea International Limited which will purchase 150,000 warrants and will own 19.62% stake in the company following the transaction. The company will incur ¥2,120,000 as total cost for the transaction, including ¥250,000 for expenses related to the investigation of the recipient of the disposal; ¥750,000 for document creation expenses; ¥470,000 for registration tax; ¥450,000 for third party committee composition expenses; and ¥200,000 as other expenses like judicial scrivener fees, trust fees, advertising expenses.

The company will also incur cost for paying financial advisory fees and warrant calculation expenses. The company announced that the transaction has been approved by its board of directors. Tokyo Financial Advisers Co., Ltd. and 171 Research Institute acted as financial advisors to the company.