Osmic Agri Ibaraki Co., Ltd. announced a private placement of common shares on October 30, 2020. The transaction will involve participation from MEC Agri Co., Ltd. and NEC Capital Solutions Limited (TSE:8793). The company will issue shares through third-party allotment method. Post-closing of the transaction, MEC Agri Co., Ltd., NEC Capital Solutions Limited (TSE:8793) and OSMIC Co., Ltd. will hold 47.6%, 31.7% and 20.7% stakes in the company.