Ito Yogyo Co., Ltd (TSE:5287) announced a private placement of 192,000 common shares at ¥780 per share for gross proceeds of ¥149,760,000 on June 27, 2014. The company will issue the shares to existing investor, Japan Trustee Services Bank, Ltd which is a trust account. The transaction is by way of disposal by 3rd party allocation. On closing, the investor will increase its stake in the company from 7% to 12.38%. The transaction is expected to close by August 4, 2014. The transaction was approved by the board of directors of the company.

On August 1, 2014, Ito Yogyo Co., Ltd. cancelled the transaction.