IDEA International Co., Ltd. (JASDAQ:3140) announced a private placement of 1,457,000 shares at ¥417 per share with new investor, Kenkou Corporation, Inc. for gross proceeds of ¥607,569,000 on August 23, 2013. The investor will acquire 64.81% stake in the company through this transaction. The shares will be issued by third-party allocation.

The net proceeds from the transaction will be ¥587,569,000, after deducting estimated expenditure for the issuance for ¥20,000,000, which includes financial advisor fee for ¥14,000,000, attorney fee for ¥3,000,000, registration expenses for ¥2,500,000, and other expenses for¥500,000. The transaction has been approved by the board of the investor. The payment date is until September 25, 2013.