Shinkawa Ltd. (TSE:6274) announced a private placement of 26,178,100 shares at a price of ¥382 per share for gross proceeds of ¥10,000,034,200 on February 12, 2019. The transaction will include participation from new investor Yamaha Motor Co., Ltd. (TSE:7272). Post the closing, the investor will acquire 56.63% stake in the company.

The securities will issue through a third-party allotment. The company will pay estimated expenses of ¥40,000,000. The company will receive net proceeds of ¥9,960,034,200.

The transaction is expected to close from June 24, 2019 to December 31, 2019.