Daisyo Corporation (TSE:9979) announced a private placement of 300,000 common shares at a price of ¥1,592 for gross proceeds of ¥477,600,000 on July 19, 2019. The transaction will include participation from returning investor Sapporo Breweries Ltd. The transaction is expected to close on August 5, 2019. The funding is being raised through third party allotment method. The transaction has been approved by the board of directors.