Migre Co., Ltd. announced private placement of 1,066 shares at a price of ¥75,000 per share for gross proceeds of ¥79,950,000 to existing investor Wagokoro Co., Ltd. (TSE:9271) on August 28, 2020. The investor continues to hold 100% stake in the company. The capital will increase to ¥59,975,000 and capital reserve will increase to ¥39,975,000 after third party allotment. The transaction has been approved by the board of directors of investor. The transaction is expected to close on August 31, 2020.