Japan Property Management Center Co., Ltd. (TSE:3276) announced a private placement of 8,000 7th stock acquisition rights at a price of ¥429 per right for gross proceeds of ¥3,432,000 and 2,000 8th stock acquisition rights at a price of ¥170 per right for gross proceeds of ¥340,000, for aggregate gross proceeds of ¥3,772,000 on September 23, 2020. The transaction will include participation from SBI Securities Co., Ltd., Investment Arm. Each stock acquisition right is exercisable into 100 common shares of the company from October 12, 2020 to October 11, 2022. The total number of shares to be issued upon exercise is 1,000,000 shares which includes 800,000 through exercise of 7th stock acquisition rights, and 200,000 through exercise of 8th stock acquisition rights. The minimum exercise price for the 7th stock acquisition rights is ¥1,500, and for 8th stock acquisition rights is ¥2,000. The amount to be raised post exercise of the rights is ¥1,600,000,000. The securities will be issued by a way of third party allocation. The transaction has been approved by the board of directors of the company. The expected date of allocation and payment date is October 9, 2020.