NAGAWA Co., Ltd. announced that it expects to receive ¥266.682 million in funding from Nishikawa Keisoku Co., Ltd., Fenwal Controls of Japan, Ltd.
January 23, 2022
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NAGAWA Co., Ltd. announced a private placement of 26,300 common shares at a price of ¥10,140 per share for gross proceeds of ¥266,682,000 on January 24, 2022. The transaction will include participation from Nishikawa Keisoku Co., Ltd. for 9,800 shares and Fenwal Controls of Japan, Ltd. 16,500 shares through third-party allotment. The transaction has been approved in the board of directors meeting of the company.
The payment date is on February 10, 2022. The company will receive net proceeds of ¥263,682,000 after deducting processing expenses.
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. 
