Goyo Intex Co., Ltd. (JASDAQ:7519) announced a private placement of 3,600,000 common shares at ¥126 per share for gross proceeds of ¥453,600,000 on May 19, 2017. The transaction will involve participation from individual investors Masae Omura for 900,000 shares, Toshio Omura for 900,000 shares, Mikio Narazaki for 500,000 shares, and other investors at a price of ¥126 each resulting in gross proceeds of ¥113,400,000, ¥113,400,000, and ¥63,000,000 respectively. Post the closing of the transaction, Toshio Omura, Masae Omura will hold 4.45% stake each in the company and Mikio Narazaki will hold 2.47% stake in the company. The transaction is subject to third party allotment. The company reported legal fees of ¥3,000,000, credit inspection expense of ¥9,000,000, financial advisory cost of ¥9,072,000, registration cost of ¥1,000,000, and estimated issue cost of ¥22,072,000. The transaction is expected to close on June 30, 2017.