Abalance Corporation announced that it expects to receive ?775.8486 million in funding from Jingukan Co., Ltd., Ocean Links Ltd., Ann Promotion Co., Ltd. and other investors
October 21, 2021
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Abalance Corporation announced a private placement of 150,300 common shares at an issue price of ?5,162 per share for gross proceeds of ?775,848,600 on October 22, 2021. The transaction include participation from returning investor Jingukan Co., Ltd .for 19,300 shares for 2.07% stake, Ocean Links Ltd for 19,300 shares, Ann Promotion Co., Ltd for 9,600 shares, FIN01 Fund L.P for 9,600 shares, Ryuhei Tanaka for 38,700 shares, Kazuya Hoshino for 19,300 shares, Hiroyasu Takei for 9,600 shares, Fumitaka Miki for 9,600 shares, Sayaka Hamano for 5,800 shares, Masahiro Hamano for 3,800 shares, Hiroshi Wakasa for 3,800 shares, and Daiki Shimura for 1,900 shares. The securities are issued through third party allotment. The transaction was approved by the board of directors of the company. The company paid an issue expenses of ?5,000,000 in the transaction. The transaction is expected to close on November 8, 2021.
Abalance Corporation, formerly Realcom Inc., is mainly engaged in software license sales, system construction, and the distribution and sale of construction machinery,as well as green energy related business. The Company operates in three business segment. The Information Technology (IT) segment is involved in the introduction of core product Knowledge Market to its new customers, as well as the sale of licenses, the provision of system integration, and operation and maintenance businesses. The Construction Equipment Sale segment is involved in the trading of construction machinery in domestic market and to overseas markets. The Green Energy segment is involved in the trading of solar panels and related products, power plant construction and solar power generation.
Abalance Corporation announced that it expects to receive ?775.8486 million in funding from Jingukan Co., Ltd., Ocean Links Ltd., Ann Promotion Co., Ltd. and other investors