Green Cross Co.,Ltd. (FKSE:7533) announced a private placement of 94,000 common shares at the price of ¥1,063 per share for gross proceeds of ¥99,922,000 on March 11, 2019. The transaction includes participation from new investor NAGAWA Co., Ltd. (TSE:9663). The company will dispose treasury shares by third party allotment.

The transaction has been approved by the board of directors of the company. The transaction is expected to close on March 29, 2019. The estimated amount of disposal cost is ¥1,000,000 and net proceeds is ¥98,922,000.