Diamond Electric Holdings Co., Ltd. announced that it expects to receive ¥20.825 million in funding from Morgan Stanley MUFG Securities Co., Ltd.
March 01, 2021
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Diamond Electric Holdings Co., Ltd. (TSE:6699) announced private placement of 4200 units of 2nd stock acquisition rights at a price of ¥4,700 per unit for proceeds of ¥19,740,000 and 3rd stock acquisition rights at a price of ¥310 per unit for proceeds of ¥1,085,000; for aggregate gross proceeds of ¥20,825,000 with new investor Morgan Stanley MUFG Securities Co., Ltd. on March 2, 2021. The 2nd stock acquisition rights are exercisable into 420,000 shares at a price of ¥2,496 per share and 3rd stock acquisition rights are exercisable into 350,000 shares at a price of ¥3,744 per share, from March 19, 2021 to March 20, 2023. The expected allocation date is March 18, 2021. The transaction has been approved by the board of directors of the company.
Diamond Electric Holdings Co Ltd is a Japan-based company mainly engaged in the manufacture and sale of electronic control devices such as ignition coils and electrical components for automobiles. The Company operates through three business segments. The Automotive Equipment segment is engaged in the development, manufacture, sale, and supply of maintenance services for automotive ignition coils and electrical components. The Energy Solutions segment is engaged in the development, manufacture, sale, and supply of maintenance services for power conditioners for solar power generation and hybrid systems for energy storage. The Electronic Devices segment is engaged in the development, manufacture, sale, and supply of maintenance services for ignition devices for home heating and cooling systems and hot water supply systems, electronic control devices, and other products.
DIAMOND ELECTRIC HOLDINGS CO., LTD. 
