NAGAWA Co., Ltd. announced that it expects to receive ¥1.219914 billion in funding from Maezawa Kyuso Industries Co., Ltd., Japan Best Rescue System Co.,Ltd., Sankyo Kasei Corporation, Kyowanissei Co.,Ltd.
June 23, 2019
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NAGAWA Co., Ltd. (TSE:9663) announced a private placement of 221,400 common shares at a price of ¥5,510 per share for gross proceeds of ¥1,219,914,000 on June 24, 2019. The transaction will include participation from Kyowanissei Co.,Ltd. (JASDAQ:1981) for 67,600 shares, Maezawa Kyuso Industries Co., Ltd. (TSE:6485) for 54,400 shares, Sankyo Kasei Corporation (TSE:8138) for 8,700 shares, and Japan Best Rescue System Co.,Ltd. (TSE:2453) for 90,700 shares. The transaction is expected to be closed on July 12, 2019.
The company will pay ¥4,000,000 as disposable expenses including attorney fees, and expenses for preparation of documents such as the Securities Registration Statement. The funding is received through third party allotment method.
NAGAWA Co., Ltd. is a Japan-based company engaged in the design and installation of modular and system buildings, the manufacture, sale and rent of unit houses, as well as the rent and sale of construction equipment. The Company operates through three business segments. The Unit House segment is engaged in the manufacture, sale and rent of unit houses, as well as sale and rent of office equipment and electrical products incidental to houses. The Module and System Construction segment is engaged in construction and sale of module construction and system construction. The Construction Equipment Rental segment is engaged in the sale and rent of construction equipment.
NAGAWA Co., Ltd. announced that it expects to receive ¥1.219914 billion in funding from Maezawa Kyuso Industries Co., Ltd., Japan Best Rescue System Co.,Ltd., Sankyo Kasei Corporation, Kyowanissei Co.,Ltd.
NAGAWA CO., LTD. 
