May 24 (Reuters) - TOPY INDUSTRIES Ltd :
* Says it plans to distribute 3.7 million shares of its treasury common stock at 218 yen per share through private placement to MW ITALIA S.R.L.
* To raise 800.5 million yen in total through private placement
* Says placement period from June 9 to Nov. 30
Source text in Japanese: goo.gl/Ll5wWp
Further company coverage: (Beijing Headline News)