Gexeed Co., Ltd. (JASDAQ:3719) announced a private placement of 3,500,000 common shares at ¥105 per share for gross proceeds of ¥367,500,000 from TCS Holdings Co., Ltd. on June 7, 2017. Pursuant to closing, TCS Holdings Co., Ltd. will hold 18.92% stake in the company. The transaction is expected to close on June 26, 2017. The transaction expenses were ¥2,000,000.