Kanmonkai Co., Ltd. (TSE:3372) announced a private placement of 500,000 common shares at an issue price of ¥400 per shares for gross proceeds of ¥200,000,000 on November 14, 2018. The transaction will include participation from existing investor M&A Group Partners Co., Ltd. As part of the transaction, the investor will acquire 4.22% stake in the transaction. The company will receive net proceeds of ¥197,000,000. The transaction is expected to close on November 30, 2018. The total outstanding shares in the transaction is 12,058,900 shares.