Feb 1 (Reuters) - Plaza Create Co Ltd 7502.T :
* Says the co to distribute 1.4 million shares of its
treasury common stock at 318 yen per share through private
placement to Softbank Corp
* Says the co to raise 429.3 million yen in total through
private placement
* Says Softbank Corp will raise stake in the co to 10.8
percent from 0 percent after the private placement
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