Fecon Underground Construction Joint Stock Company announced that it expects to receive ¥324 million in funding from Raito Kogyo Co., Ltd.
December 19, 2022
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Fecon Underground Construction Joint Stock Company announced that it will raise 3,782,680 shares for a gross proceeds of ¥324 million on December 22, 2022. The transaction will include participation from Raito Kogyo Co., Ltd. The company issued shares through third party allocation method. The transaction has been approved by the board of directors of the company.
The transaction is expected to close on January 19, 2023.
RAITO KOGYO CO., LTD. is a company mainly engaged in the operation of construction business. The Construction segment is involved in the civil engineering construction business focusing on slope protection and soil improvement construction works; the provision of contracted construction works, as well as the sale of construction materials. The Others segment is involved in the sale of construction materials; the leasing of automobiles, construction machines and office machines; the management of welfare establishments; the operation of life and non-life insurance agencies, as well as the provision of nursing care services.
RAITO KOGYO CO., LTD. 
