Yamax Corp. (JASDAQ:5285) announced a private placement of 785,000 treasury common stock at ¥272 per share for gross proceeds of ¥213,520,000 on August 4, 2015. The company will issue shares through third party allotment method.

The transaction will include participation from Ube-Mitsubishi Cement Corporation for 365,000 shares, Kyowa Concrete Industry Co., Ltd. for 220,000 shares, Kurimoto, Ltd. for 150,000 shares, and Daikure Co., Ltd. for 50,000 shares. The transaction is expected to close on August 21, 2015. The transaction has been approved by the board of directors of the company.

The company will incur issue costs of ¥200,000 in the transaction and will receive net proceeds of ¥213,320,000.