Kirayaka Bank Ltd. announced that it has received ¥30 billion in funding from Jimoto Holdings, Inc.
December 27, 2012 at 11:00 pm EST
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Kirayaka Bank Ltd. announced a private placement of preferred shares for gross proceeds of ¥10,000,000,000 on September 11, 2012. The transaction is expected to close on December 28, 2012.
On September 13, 2012, the company announced that it will raise ¥30,000,000,000 in the transaction.
On September 14, 2012, the company announced that it will receive ¥30,000,000,000 by issuance of 100,000,000 class IV preferred shares at ¥200 per share and 50,000,000 class V preferred shares at ¥200 per share to Jimoto Holdings, Inc. The company will receive net proceeds of ¥19,980,000,000 after estimated issuance sundry fees of ¥20,000,000 which includes registration related fees and advisory fees from the issuance of class IV preferred shares. The company will receive net proceeds of ¥9,987,500,000 after estimated issuance sundry fees of ¥12,500,000 which includes registration fees and advisory fees from the issuance of class V preferred shares. The payment date is December 28, 2012.
On December 28, 2012, Kirayaka Bank Ltd. closed the transaction.
Jimoto Holdings, Inc. is a Japan-base holding company. The Company operates in two business segments. The Banking segment is engaged in the deposit, loan, domestic and foreign exchange, public bond, investment trust, the over-the-counter sale of insurance products, securities trading and investment, bonds contracts and registration, as well as the pecuniary loan businesses. The Leasing segment is engaged in leasing of information related equipment, business machines and others. The others business is engaged in the credit card business, credit guarantee business, venture capital business, out sourcing business, as well as the development, maintenance and operation of computer system.
JIMOTO HOLDINGS, INC. 