Kimoto Tech, Inc. announced that it expects to receive ¥649 million in funding from Kimoto Co., Ltd.
October 29, 2019
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Kimoto Tech, Inc. announced a private placement of 1,037,910 common shares for gross proceeds of ¥649,000,000 on October 30, 2019. The transaction will include participation from returning investor Kimoto Co., Ltd. (TSE:7908). The transaction is expected to closed on November 15, 2019. The transaction has been approved by board of director's of the investor.
KIMOTO CO., LTD. is a manufacturer of films. The Company has four segments, including Japan, North America, East Asia and Europe. Through its segments, it is involved in the development of processing technologies for surface treatment on films, the manufacture and sale of various industrial materials, the sale of geographic information system (GIS)-related software, the provision of outsourced data processing services, as well as the contracting business of aerial photograph processing and duplication of drawings.
KIMOTO CO., LTD. 