La Holdings Co., Ltd. announced that it expects to receive ¥7.987492 million in funding from Macquarie Bank Limited, Investment Arm
March 04, 2021
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La Holdings Co., Ltd. (JASDAQ:2986) announced a private placement of 3,456 4th Stock Acquisition Rights at a price of ¥1,182 per stock acquisition right for gross proceeds of ¥4,084,992 and 3,500 5th Stock Acquisition Rights at a price of ¥1,115 per stock acquisition right for gross proceeds of ¥3,902,500 for aggregate gross proceeds of ¥7,987,492 on March 5, 2021. The transaction will include participation from Macquarie Bank Limited, Investment Arm through third-party allotment. Each stock acquisition right is exercisable into 100 common shares at a minimum exercise price of ¥1,195 from March 23, 2021 to March 22, 2023. The transaction has been approved in the board of directors meeting of the company. The transaction is expected to close on March 22, 2021.
LA Holdings Co Ltd is a Japan-based company mainly engaged in the real estate business. The Company is engaged in the new-built real estate sales business, the revitalization real estate sales business, the real estate leasing and management business, as well as the new-built real estate sales business in Cambodia. The Company is also engaged in the operation, management and related business for group companies.