Abalance Corporation announced that it expects to receive ¥89.9 million in funding from Jingukan Co., Ltd., Core Competence Corporation, and another investor
January 10, 2017
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Abalance Corporation (TSE:3856) announced private placement of 148,600 shares at a price of ¥605 per share for gross proceeds of ¥89,903,000 on January 11, 2017. The transaction will include participation from Jingukan Co., Ltd. for 99,100 shares, Masayuki Aida for 33,000 shares, and Core Competence Corporation for 16,500 shares. The company will incur issue costs of ¥870,860 in the transaction which include registration taxes of ¥314,600, external inspection expenses of ¥340,200, and securities agency expenses of ¥216,000. The company will receive net proceeds of ¥89,032,140. The transaction is expected to close on January 27, 2017.
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 ¥89.9 million in funding from Jingukan Co., Ltd., Core Competence Corporation, and another investor