Aoyama Zaisan Networks Company,Limited (TSE:8929) announced that it has entered into an agreement for a private placement of 350,000 common shares at an issue price of ¥1,458 per share for gross proceeds of ¥510,300,000 on February 5, 2019. The shares are issued at a discount of 10%. The transaction will take place through third-party allocation. After the transaction, the shares issued by the company will increase from 150,000 shares at 1.31% stake to 500,000 shares at 4.18% stake in the company. The transaction has been approved by the board of directors of the company.