Beijing XinBang Daikokuya Trading Corporation, Ltd. announced that it expects to receive CNY 50 million in funding from Daikokuya Holdings Co.,Ltd., CITIC XinBang Asset Management Corporation Ltd.
September 27, 2016
Share
Beijing XinBang Daikokuya Trading Corporation, Ltd. announced that it will receive CNY 50 million in equity funding on September 28, 2016. The transaction will include participation from returning investors Daikokuya Holdings Co., Ltd. and CITIC XinBang Asset Management Corporation Ltd. for CNY 25 million each; to maintain their stakes of 50% each in the company. The transaction will take place in two tranches of CNY 25 million each to be completed by September 28, 2016 and April 2017 respectively.
On the same day, the company announced that it has received CNY 25 million in its first tranche. The investors invested for CNY 12.5 million each.
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.
Beijing XinBang Daikokuya Trading Corporation, Ltd. announced that it expects to receive CNY 50 million in funding from Daikokuya Holdings Co.,Ltd., CITIC XinBang Asset Management Corporation Ltd.
DAIKOKUYA HOLDINGS CO.,LTD. 
