Hiro Engineering Co.,Ltd. announced that it expects to receive ¥45 million in funding from Besterra Co., Ltd.
March 15, 2018
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Hiro Engineering Co.,Ltd. announced a private placement of 900 shares at a price of ¥5,000 per share for the gross proceeds of ¥45,000,000 on March 16, 2018. The transaction will include participation from new investor, Besterra Co., Ltd. (TSE:1433).The payment date of shares is March 30, 2018. The transaction was approved by investor's board of directors. Pursuant to transaction the company will hold 90% stake in the transaction.
Besterra Co Ltd is engaged in providing demolition works for steel, electricity, gas, oil and other plant. The Company mainly providing general engineering service, including construction methods proposal, design, construction planning, subcontracting and equipment arrangement, construction management, safety management, cost management, fund management and administrative support. Its main business includes apple peel method, dismantling method of boiler, asbestos removal work, poly chlorinated biphenyl (PCB)-related work, among others. The Company also engages in the dispatching business, the design business for aerospace equipment, energy related equipment and industrial machinery.
BESTERRA CO., LTD. 
