Daiki Sound announces private placement
According to Reuters, Daiki Sound Co., a Japan-based company engaged in the distribution of music compact discs, has announced plans to issue 10,000 shares of its common stock worth JPY29,768 per share, or JPY297,680,000 in total, through a private placement. Effectively, Daiki's total shares outstanding will become 43,403.68. The total proceeds will be used for its operations.