NAGAWA Co., Ltd. announced that it expects to receive ¥942.83 million in funding from Maruzen Showa Unyu Co., Ltd., Yokogawa Bridge Holdings Corp., Sumitomo Realty & Development Co., Ltd.
December 15, 2017
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NAGAWA Co., Ltd. (TSE:9663) announced a private placement of 193,600 shares at a price of ¥4,870 per share for gross proceeds of ¥942,830,000 on December 16, 2017. The transaction will involve participation from Sumitomo Realty & Development Co., Ltd. (TSE:8830) for 102,000 shares, Yokogawa Bridge Holdings Corp. (TSE:5911) for 61,600 shares and Maruzen Showa Unyu Co., Ltd. (TSE:9068) for 30,000 shares.
The payment date of shares is January 12, 2018. The company will pay ¥4,000,000 for disposal expense including attorney fees, and expenses for creation of documents such as the securities registration statement.
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 ¥942.83 million in funding from Maruzen Showa Unyu Co., Ltd., Yokogawa Bridge Holdings Corp., Sumitomo Realty & Development Co., Ltd.
NAGAWA CO., LTD. 
