Ten Allied Co., Ltd. (TSE:8207) announced a private placement to issue 1,500 class B shares at a price of ¥1,000,000 per share for gross proceeds of ¥1,500,000,000 on June 7, 2021. The transaction will include participation from DBJ Food and Beverage / Lodging Support Fund L.P. The company will issue shares through third-party allotment. The transaction has been approved by the board of directors of the company. The transaction is expected to close on June 30, 2021. Post the completion of the transaction, DBJ Food and Beverage / Lodging Support Fund L.P. will hold 100% of class B shares in the company. The company will pay ¥11,555,000 as issuance expenses and will receive net proceeds of ¥1,488,445,000.