MG Leasing Corporation announced that it expects to receive ¥8.708 billion in funding from IBJ Leasing Company, Limited
February 25, 2019
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MG Leasing Corporation announced that it has entered into a stock subscription agreement with new investor IBJ Leasing Company, Limited (TSE:8425) for private placement of 23,537 shares at a price of ¥369,970.684454 per share for gross proceeds of ¥8,708,000,000 on February 26, 2019. The investor will acquire 50% stake in the transaction. The company will receive funding through third party allotment. The transaction is expected to close on March 29, 2019.
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 
