Floadia Corporation announced that it expects to receive funding from Cypress Capital Hong Kong Limited, Inabata & Co.,Ltd.,
March 30, 2023
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Floadia Corporation announced that it will raise funds in March, 2023.
On the same date, the company received ¥200 million venture debt in its first tranche closing from new lender, Japan Finance Corporation. The company issued venture debt and stock acquisition rights.
Inabata & Co., Ltd. is a Japan-based company that sells information and electronics, chemicals and other products. It operates in five business segments. The Information and Electronics segment provides semiconductors and liquid crystal materials, machinery equipment, ink for copiers and printers, as well as materials for electronics industry. The Chemical segment offers raw materials of automobile components, resins and gum, paintings and inks, paper manufacturing chemicals. The Living Industry segment sells intermediates for medical and agricultural chemicals, fine chemicals, raw materials of pesticide and toiletries, functional food, marine products, agricultural products, and starches. The Synthetic Resin segment provides general-purpose resins and engineering plastic. The Housing Environment segment sells wood, bonded wood, wood construction materials, housing equipment and housing-related materials.