Placo Co. Ltd. (JASDAQ: 6347) announced a private placement of 214,500 common shares at ¥1,397 per share for gross proceeds of ¥299,656,500, 2,861 stock acquisition rights at a price of ¥1,509 per stock acquisition rights for gross proceeds of ¥4,317,249; for aggregate gross proceeds of ¥303,973,749 on April 26, 2021. The transaction included participation from New Energy Management LLC for 143,100 common shares and 2,147 stock acquisition rights, Liaoyang Kangda Plastic Resin Co., Ltd. for 35,700 common shares and 357 stock acquisition rights, JVA TELOK KURAU., LTD for 35,700 common shares and 357 stock acquisition rights. The stock acquisition right will be convertible into a total of 286,100 potential shares of the company. The exercise price of the stock acquisition right will be ¥1,397, to be exercised between May 12, 2021 to May 11, 2023. The securities are allotted through third-party allotment. The payment date for common shares is May 12, 2021. The allocation date for stock acquisition rights is May 12, 2021. The board of director has been approved the issue of stock acquisition rights.