Nippon Kanryu Industry Co. Ltd. announced that it has received ¥21.74 million in funding from Atomix Co. Ltd. and Sumikei-Nikkei Engineering Co.,Ltd.
August 28, 2012 at 12:00 am EDT
Nippon Kanryu Industry Co. Ltd. (FKSE:1771) announced a private placement of 135,000 shares at ¥161 per share for gross proceeds of ¥21,735,000 on August 10, 2012. Atomix Co., Ltd. will purchase 100,000 shares and Sumikei-Nikkei Engineering Co.,Ltd. will purchase 35,000 shares in the transaction. The transaction was approved at the company's board of directors' meeting. The company expects the net proceeds of ¥21,535,000 after deducting necessary costs of ¥200,000. The disposal date is August 28, 2012. The transaction will be carried out through third party allotment.
On August 28, 2012, Nippon Kanryu Industry Co. Ltd. closed the transaction.