Japan Media Market Co., Ltd. announced that it expects to receive ¥200 million in funding from Fit, Inc. and other investors.
January 28, 2018
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Japan Media Market Co., Ltd. announced that it has entered into a letter of intent to issue 4,000 common shares at JPY 50,000 per share for gross proceeds of JPY 200,000,000 on January 29, 2018. The transaction will include participation from new investors RE-RE Co., Ltd for 700 shares, JPN ENERGY Integrated System Co., Ltd for 400 shares, JPN ENERTY Construction System Co., Ltd for 600 shares, Solar Energy Management Center, Co., Ltd for 500 shares, Shikoku Smart House Co., Ltd for 500 shares, Fit Corporation (TSE:1436) for 1,000 shares and an individual investor for 300 shares. The transaction has been approved by the board of directors. The company is expected to sign the contract on February 8, 2018 and is expected to close the transaction on February 9, 2018.
GreenEnergy&Co, formerly Fit Corp, is a Japan-based company mainly engaged in industrial and social decarbonization business, housing decarbonization business, and asset management business. The industrial and social decarbonization business mainly sells solar power generation facilities, mainly compact solar power plants (small solar power generation facilities), as investment products for individuals. The housing decarbonization business primarily sells compact houses equipped with low-cost solar power generation to general consumers and investors. In addition, it also promotes the development of Ietochi Honpo brand stores through directly managed stores and franchises. The asset management business focuses on income from the sale of electricity from solar power generation facilities it owns, management contracts for sold solar power generation facilities and rental real estate, and fee-based business centered on operation and maintenance (O&M) services.
GREENENERGY & COMPANY 