M H Group Ltd (JASDAQ:9439) announced a private placement of 186,100 treasury shares at ¥272 per share for gross proceeds of ¥50,619,200 on March 23, 2015. The company will issue the shares via third party allotment to new investor, Sumitomo Mitsui Trust Bank, Limited, Investment Arm. On closing, the investor will hold 1.64% stake in the company.

The disposal date for the shares is expected on April 16, 2015. The company does not expect to incur any disposal costs as part of the transaction. The transaction was approved by the board of directors of the company.