EREX Co.,Ltd. announced that it expects to receive ¥28.24 million in funding from Mizuho Securities Co., Ltd., Investment Arm, SMBC Nikko Securities Inc., Investment Arm
September 06, 2020
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eREX Co.,Ltd. (TSE:9517) announced a private placement of 80,000 stock acquisition rights at the price of ¥353 per right for gross proceeds of ¥28,240,000 on September 7, 2020. The transaction will include participation from Mizuho Securities Co., Ltd., Investment Arm who will acquire 24,000 rights and SMBC Nikko Securities Inc., Investment Arm who will acquire 56,000 rights. The allocation is done through third party allocation. The right can be converted into 100 shares per stock acquisition at the price of ¥1,268 per share. The total issuance expenses would be ¥9,000,000 including conversion. The transaction is expected to close on September 23, 2020.
eREX Co.,Ltd. is a Japan-based power producer and supplier (PPS), engaged in the electric power distribution via power grid owned by general electric utilities. The Companyâs electric power businesses include electric power retail, electric market trading and power supplies development. In its electric power retail business, it involves in the retail of electric power in an inexpensive price than electric utilities. In its power supplies development business, it involves in the planning, design and construction of power-generating equipment.
EREX Co.,Ltd. announced that it expects to receive ¥28.24 million in funding from Mizuho Securities Co., Ltd., Investment Arm, SMBC Nikko Securities Inc., Investment Arm