Maezawa Industries, Inc. announced that it expects to receive ¥4.7 million in funding from Mizuho Securities Co., Ltd.
October 18, 2018
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Maezawa Industries, Inc. (TSE:6489) announced that it will issue 25,000 1st series prepaid warrants at a price of ¥188 per warrant for gross proceeds of ¥ 4.7 million on October 19, 2018. The transaction will include participation from Mizuho Securities Co., Ltd. through third party allotment. The warrants will be exercisable at a price of ¥412 per share with total exercise amount being ¥1,030,000,000. The warrants will be exercisable between November 6, 2018 to November 6, 2020. The company will bear various issue costs of ¥7,000,000 and will receive net proceeds of ¥1,027,700,000 upon exercise of warrants.
Maezawa Industries, Inc. is a Japan-based company mainly engaged in the manufacture and sale of water sewage equipment and water treatment equipment, as well as the environmental business. The Company operates through three business segments. The Environmental segment is mainly engaged in the manufacture and sale of water treatment equipment for water sewage systems, industrial water treatment equipment, purification equipment for soil and groundwater pollution and organic waste recycling equipment. The Valve segment is mainly engaged in the manufacture and sale of valves, taps and gates for water sewage systems. The Maintenance segment is mainly engaged in the repair, installation and maintenance of equipment for water sewage, as well as the maintenance and operation of waste water treatment facilities for water purification factories.
MAEZAWA INDUSTRIES, INC. 