Asia Growth Capital, Ltd. announced that it expects to receive ¥8.69 million in funding from Mita Securities Co., Ltd., Investment Arm
May 29, 2016
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Asia Growth Capital, Ltd. (TSE:6993) announced a private placement of 100 series 16 warrants at ¥86,870 per warrant for gross proceeds of ¥8,687,000 on May 30, 2016. The warrants will be exercisable into 8,500,000 common shares of the company at ¥7,140,000 per share. The warrants carry prepaid feature. The warrants will be issued through third party allocation. The warrants will be subscribed by new investor MT Capital Silent Partnership II, a fund managed by existing investor Mita Securities Co., Ltd., Investment Arm. After the exercise of warrants, the investor will hold 9.77% stake in the company. The transaction is expected to be completed by June 15, 2016. The board of directors of the company approved the transaction.
Daikokuya Holdings Co Ltd is a Japan-based company mainly engaged in the manufacture and sale of electrical appliances, as well as pawnshops, secondhand stores, and other businesses. The Company operates through two business segments. The Electrical Equipment segment is engaged in the manufacture and sale of products such as industrial lighting equipment, electrical construction materials, and control equipment. The Pawnshop and Secondhand Goods Trading segment is engaged in the purchase and sale pawnshop goods under the Pawnshop Business Law and secondhand brand goods (bags, watches, jewelry) under the Secondhand Articles Business Law to consumers in Japan and overseas, mainly through its branch offices. The Company also operates an investment business, a real estate leasing business, and a financial business.
DAIKOKUYA HOLDINGS CO.,LTD. 
