Shima Seiki MFG.,Ltd. announced that it expects to receive ¥28.34 million in funding from Nomura Securities Co. Ltd., Investment Arm
August 24, 2017
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Shima Seiki MFG.,Ltd. (TSE:6222) announced a private placement of 20,000 series 2 warrants at ¥1,417 per warrant for gross proceeds of ¥28,340,000 on August 25, 2017. Each warrant is exercisable into 100 shares at minimum exercisable price of ¥3,619 and maximum exercise price of ¥5,170. The warrants will be allotted through third party allocation to Nomura Securities Co. Ltd., Investment Arm. The warrants are exercisable from September 13, 2017 to September 11, 2020. The transaction is expected to be completed by September 12, 2017.
SHIMA SEIKI MFG., LTD. is a Japan-based company mainly engaged in the manufacture and sale of flat knitting equipment, design systems, gloves and socks knitting equipment. The Company operates in three business segments. The Flat Knitting Equipment segment is engaged in the manufacture and sale of computer flat knitting equipment and semi jacquard flat knitting equipment. The Design Systems Related segment is engaged in the manufacture and sale of computer design systems, as well as apparel computer-aided design (CAD) and computer-aided manufacturing (CAM) systems. The Gloves and Socks Knitting Equipment segment is engaged in the manufacture and sale of seamless gloves and socks knitting equipment. The Company is also engaged in the manufacture, sale and trading of textile materials, the planning, manufacture and sale of textile products, the operation of hotels, the manufacture and sale of knitting equipment and design system parts, as well as the repair and maintenance business.
SHIMA SEIKI MFG.,LTD. 