Japan PC Service Co., Ltd. (NSE:6025) announced that it has entered into a capital and business alliance agreement with returning investor Japan Best Rescue System Co.,Ltd. (TSE:2453) for a private placement of 52,100 common shares at a price of ¥1,918 per share for gross proceeds of ¥99,927,800 on July 20, 2020. The shares will be issued through third party allotment method. Post closing, the investor will hold 384,100 shares, and its stake in the company will increase from 19.67% to 22.08%.

The payment date is August 4, 2020. The transaction has been approved by the board of directors of the investor.