Ubiteq, Inc. (JASDAQ:6662) announced a private placement of 1,400 treasury shares at ¥34,500 per share for gross proceeds of ¥48,300,000 on November 8, 2013. The transaction will include participation from Mitsubishi UFJ Trust And Banking Corporation, Employee Stock Ownership Plan. The transaction will happen through third party allocation.

The transaction is expected to close on November 26, 2013.