SimmTech Co., Ltd. (KOSDAQ:A222800) announced a private placement of 7,935,800 shares at a price of ¥100 per share for gross proceeds of ¥739,580,000 on June 29, 2016. The transaction will include participation from STJ Holdings Co., Ltd. The transaction settlement period will start on July 1, 2016 and will end on July 29, 2016. The shares will be allotted through third party allotment. Out of ¥793,580,000, ¥396,790,000 will be added to capital reserve and ¥396,790,000 will be added to registered capital. The transaction has been approved by the shareholders of the company.