IBJ Leasing Company, Limited announced that it expects to receive funding from Mizuho Bank, Ltd.
February 25, 2019
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IBJ Leasing Company, Limited (TSE:8425) announced that it will receive an equity round of funding on February 26, 2019. The transaction will include participation from Mizuho Bank, Ltd. The securities will issue through a third-party allotment. The transaction is expected to close on March 29, 2019. The transaction was approved by board of directors of the company.
Mizuho Leasing Company, Limited, formerly IBJ Leasing Company, Limited, is mainly engaged in lease, installment sales and various financial transactions for industrial machinery, transportation equipment, information-related equipment. The Company operates in three business segments. The Leasing and Installment segment is engaged in the installment sales business of leasing operations (including expiration of lease transactions and property sales due to halfway cancellation) and production facilities, construction earthmoving machines, commercial facilities etc. for industrial machine tools, transportation equipment, information related equipment. The Finance segment is involved in corporate finance, ship financing, factoring business and investment business of securities owned to earn profits for business purpose. The Others segment is engaged in used property buying and selling, solar power selling business.
MIZUHO LEASING COMPANY, LIMITED 