Hagiwara Electric Co., Ltd. announced that it expects to receive ¥8.73 million in funding from SMBC Nikko Securities Inc., Investment Arm
November 26, 2017
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Hagiwara Electric Co., Ltd. (TSE:7467) announced a private placement of 7,000 2nd series warrants at a price of ¥1,247 per warrant for gross proceeds of ¥8,729,000 on November 27, 2017. SMBC Nikko Securities Inc., Investment Arm will acquire warrant which can be exercised at a price of ¥3,850 from December 15, 2017 to December 30, 2019 to . The transaction is expected to close on December 14, 2017. The transaction has been approved by the board of directors of the company.
Hagiwara Electric Holdings Co Ltd is a Japan-based company engaged in the business of purchasing and selling semiconductors and electronic components, the development, manufacture, and sale of electronic equipment, and the construction of various systems. The devices segment is engaged in the sale and technical support of semiconductors and electronic components, including large-scale integration (LSI) systems for automobiles, which are increasingly controlled electronically, as well as the contracted development business centered on proof-of-concept (PoC) development support and embedded software for embedded systems. The solutions segment sells information technology (IT) equipment, embedded systems, and measuring equipment; builds IT platform platforms and Internet of Things (IoT) systems; designs, manufactures, and sells various factory automation and special measuring systems that contribute to automation and labor saving; and develops, manufactures and sells industrial computers.