Central General Development Co., Ltd. announced a private placement of 1,934,600 common shares at an issue price of ¥356 per share for gross proceeds ¥688,717,600 on June 25, 2021. The transaction will include participation from new investor Kyudenko Corporation through third-party allotment. The transaction was approved by board of directors of the company.

The expected payment ranges from July 12, 2021 to August 9, 2021. The company will receive net proceeds of ¥621,237,600.