Saikaya Department Store Co.,Ltd. (TSE:8254) announced a private placement of 1,835,000 shares at an issue price of ¥273 per share for gross proceeds of ¥500,955,000 from AFC-HD AMS Life Science Co., Ltd. (JASDAQ:2927) on April 16, 2021. The company will issue shares through third-party allotment method. The company expects the 89th Ordinary general meeting of shareholders scheduled to be held on May 24, 2021.

The payment date is May 26, 2021. The company will pay issuance expenses of ¥20,000,000. The investor will acquire 37.22% stake in the company.