AP Holdings Co.,Ltd. announced that it expects to receive ¥650.0585 million in funding from Onodera Group Co., Ltd., Hirano Associates Co., Ltd., NSK Corporation and other investors
February 12, 2023
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AP Holdings Co.,Ltd. announced that it will issue 1,428,700 common shares at an issue price of ¥455 per share for gross proceeds of ¥650,058,500 on February 13, 2023. Out of total gross proceeds of ¥325,029,250 will go towards share capital and ¥325,029,250 will go towards capital reserve. The transaction will include participation from Onodera Group Co., Ltd. for 439,600 shares, Hirano Associates Co., Ltd. for 219,800 shares and NSK Corporation for 109,900 shares and individual investors Yoichiro Nishi for 439,600 shares and Katsushi Ishida for 219,800 shares.
The transaction is expected close on March 1, 2023. The transaction has been approved by the board of directors of the company.
AP Holdings Co Ltd, formerly AP Company Co Ltd, is a Japan-based company mainly engaged in the manufacture, distribution and sale of chickens, fishes and other food products by production and distribution directly connected model. The Company operates in two business segments. The Production and Distribution segment is involved in the selection, production, processing and sale of ingredients through local subsidiaries, and the provision of distribution solutions such as distribution costs, freshness, surplus parts and store delivery frequency, as well as the food and beverage distribution business, the production and processing of local chickens and fresh fishes, the trading and sale of fruits and vegetables, and the operation of poultry farms and ranches. The Sales segment is involved in the sale of branded products through creating brand stories, as well as the operation of restaurants and licensed stores.
AP Holdings Co.,Ltd. announced that it expects to receive ¥650.0585 million in funding from Onodera Group Co., Ltd., Hirano Associates Co., Ltd., NSK Corporation and other investors