FUJITA CORPORATION Co.,Ltd. (JASDAQ:3370) announced that it has entered into a business and capital tie-up contract for a private placement of 374,000 common shares with new investor Asrapport Dining Co., Ltd. at ¥401 per share for gross proceeds of ¥149,974,000 on March 10, 2016. The company will issue shares through third party allocation method. As part of the round, the investor will acquire a total of 25.86% stake in the company.

The company will incur issuance cost of ¥3,000,000 and will receive net proceeds of ¥146,974,000. The transaction will close on March 28, 2016.