NAGAWA Co., Ltd. announced that it expects to receive ¥654.336 million in funding from Techno Ryowa Ltd., Green Cross Co.,Ltd., Komaihaltec Inc., TOA Corporation
March 03, 2019
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NAGAWA Co., Ltd. (TSE:9663) announced a private placement of 115,200 treasury shares at a price of ¥5,680 per share for gross proceeds of ¥654,336,000 on March 4, 2019. The transaction will include participation from Techno Ryowa Ltd. (TSE:1965) for 48,400 shares, Green Cross Co.,Ltd. (FKSE:7533) for 17,600 shares, Komaihaltec Inc. (TSE:5915) for 17,600 shares, and TOA Corporation (TSE:1885) for 31,600 shares. The transaction is expected to be closed on March 25, 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 transaction was approved at the Board of Directors' meeting on the same day.
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 ¥654.336 million in funding from Techno Ryowa Ltd., Green Cross Co.,Ltd., Komaihaltec Inc., TOA Corporation
NAGAWA CO., LTD. 
