Taiyo Bussan Kaisha,Ltd. (JASDAQ:9941) announced a private placement of 488,000 common shares at ¥82 per share for gross proceeds of ¥40,016,000 with Cenote No.2 Investment Limited Partnership, a fund managed by Cenote Capital Co., Ltd. on September 10, 2013. The transaction will happen through third party allocation. The application date will be September 25, 2013 and payment date will be September 26, 2013.

The transaction has been approved by board of directors of the company.