Yokohama Reito Co., Ltd. (TSE:2874) announced a private placement of 373,100 common shares at ¥804 per share for gross proceeds of ¥299,972,400 on February 13, 2015. The securities will be issued to The Master Trust Bank of Japan, Ltd., Investment Arm. The transaction will take place through third party allotment.

The transaction has been approved by its board of directors and is subject to the filing of financial instruments and exchange law taking effect. The transaction is expected to close on March 3, 2015.