Nippon Carbide Industries Co., Inc. announced that it expects to receive ¥4.248 million in funding from Morgan Stanley MUFG Securities Co., Ltd., Investment Arm
November 26, 2019
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Nippon Carbide Industries Co., Inc. (TSE:4064) announced a private placement of 12,000 first stock acquisition rights at an issue price of ¥354 per stock acquisition right for gross proceeds of ¥4,248,000 on November 27, 2019. The transaction will involve participation from Morgan Stanley MUFG Securities Co., Ltd., Investment Arm. Each stock acquisition right is exercisable is exercisable into 100 common shares at an initial exercise price of ¥1,496 and will receive proceeds of ¥1,795,200,000 post exercise. The stock acquisition rights exercise period is from December 16, 2019 to December 15, 2022. The transaction will take place through third-party allocation. The transaction is expected to close on December 13, 2019.
NIPPON CARBIDE INDUSTRIES CO., INC. is a Japan-based company engaged in the manufacture and sale of chemical products, electronic materials and construction materials. The Company operates in four business segments. The Chemical Products segment is engaged in the manufacture and sale of fine chemical products, melamine resins, adhesives, marking film, sticker and packaging film. The Electronic and Optical products segment is engaged in the manufacture and sale of retroreflective sheet, ceramic substrate, thick film printed products, the printed circuit board. The Construction Materials segment is engaged in the manufacture and sale of residential aluminum building materials. The Engineering segment is engaged in the design and construction of industrial plants.
Nippon Carbide Industries Co., Inc. announced that it expects to receive ¥4.248 million in funding from Morgan Stanley MUFG Securities Co., Ltd., Investment Arm
NIPPON CARBIDE INDUSTRIES CO., INC. 
