May 16, 2017 / 7:16 AM / 3 months ago

BRIEF-Gakkyusha to issue new shares through private placement

May 16 (Reuters) - Gakkyusha Co Ltd

* Says it will issue 400,000 new shares at the price of 1,589 yen per share, or for 635.6 million yen in total, through private placement to Tokyo-based company, which is engaged in the real-estate rental business

* Says payment date on June 5

* Says it will raise net proceeds of 632.9 million yen for shares acquisition

Source text in Japanese:goo.gl/HKy3ul

Further company coverage: (Beijing Headline News)

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