Kadokawa Corporation announced that it expects to receive ?29.999774 billion in funding from Sixjoy Hong Kong Limited
October 28, 2021
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Kadokawa Corporation announced a private placement of 4,862,200 common shares at an issue price of ?6,170 for gross proceeds of ?29,999,774,000 on October 29, 2021. The transaction included participation from Sixjoy Hong Kong Limited for 6.86% stake. The securities are issued through third party allotment of shares. The transaction is expected to close from November 15, 2021 to November 26, 2021. The transaction was approved by the Board of Directors of the company.
KADOKAWA CORPORATION, formerly KADOKAWA DWANGO CORPORATION is a Japan-based company principally engaged in publishing business, video & game business, Website service business and others. The Company operates in three business segments. Publishing segment is involved in the publishing and sale of books, electronic books and electronic magazines, the publishing of magazines, as well as the sale of magazines and Website advertisements. Video & Game segment is involved in the licensing of video distribution rights, the sale of video package software, the planning, production and distribution of movies, as well as the planning, development and sale of game software and network games. Website Service segment is involved in the management of moving image community services through portal sites, the planning and management of species events through live events, as well as the renting of mobile event venues to deliver mobile contents through mobile devices.
KADOKAWA CORPORATION 
