One Asia Securities Co., Ltd. announced that it will issue 750,000 shares at an issue price of ¥ 80 per share for gross proceeds of ¥60,000,000 on February 19, 2021. The transaction will include participation from new investor Asia Development Capital Co. Ltd. (TSE:9318) for 62.23% stake in the company. As a part of transaction Hiroshi Kosugi will join the company's board of directors. The company has entered into a comprehensive business alliance agreement with the company. The company will issue shares using third party allotment. The transaction has been approved by the board of directors of the company and is subject to the shareholder approval at the extraordinary general meeting. The transaction is expected to close on February 26, 2021.