M H Group Ltd. announced a private placement that it will issue 150,000 shares of the company through third-party allotment at an issue price of ¥208 per share for the gross proceeds of ¥31,200,000 on May 13, 2024. The transaction will include participation from returning investor, SCAT Inc. The transaction is expected to close on June 6, 2024. The transaction has been approved by the board of directors of the company.

The company will issue estimated issuance costs of up to ¥300,000 and the net proceeds will be ¥30,900,000.