OKK Corporation announced a private placement of 15,853,444 shares at an issue price of ?345.60 per share for gross proceeds of ?5,478,950,246.40 on November 18, 2021. The transaction will involve participation from Nidec Corporation. The company will raise funding through third party allotment method. The transaction has been approved by the board of directors of the company. The payment date is from January 26, 2022 to June 30, 2022. The issuance expenses will be ?300,000,000, including advisory fees, attorney's fees, share valuation fees, due diligence response fees, third-party committee fees, and registration-related fees related to the capital increase through third-party allotment.