NP Rolpin SAS announced a private placement of 3,500,000 shares at €1 per share for gross proceeds of €3,500,000 in a round of funding from existing investor, Nankai Plywood Co., Ltd. on April 21, 2014. The company will issue equity securities in the transaction. On the same date, the transaction was approved at the board of directors' meeting of the investor. The registered capital of the company will increase from €1,000 to €3,501,000 upon completion of the transaction. The investor will continue to hold 100% stake in the company. The scheduled closing date of the transaction is April 28, 2014.


On April 28, 2014, NP Rolpin SAS closed the transaction.