Dream Vision Co. Ltd. (TSE:3185) announced a private placement of 3,900,000 common shares at ¥192 per share for gross proceeds of ¥748,800,000 from new investor Kenkou Corporation, Inc. on February 12, 2015. The transaction will take place through third party allotment.

As part of the transaction, the investor will own 73.54% stake in the company and will have voting rights equal to 39,000 units. The transaction has been approved by the corporate resolution of its board of directors. The company will receive net proceeds of ¥699,800,000 after deducting issuance expenses of ¥49,000,000 including advisory fees of ¥38,000,000, registration tax of ¥3,000,000, legal expenses of ¥7,000,000, and and expenses related to the fixed shareholders' meeting of ¥1,000,000.

The transaction is expected to close on March 31, 2015.