Ringer Hut Co., Ltd. announced that it expects to receive ¥5.98 million in funding from Morgan Stanley MUFG Securities Co., Ltd., Investment Arm
January 25, 2021
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Ringer Hut Co., Ltd. (TSE:8200) announced a private placement of pre-paid 10,000 stock acquisition rights at a price of ¥598 per stock acquisition right for gross proceeds of ¥5,980,000 on January 26, 2021. The company will issue securities through third-party allotment to Morgan Stanley MUFG Securities Co., Ltd., Investment Arm. Each warrant is exercisable into 100 common shares of the company from February 15, 2021 to February 14, 2023 at an initial exercise price of ¥2,363 per share. The transaction has been approved by the board of directors of the company, and is expected to close on February 12, 2021.
RINGER HUT CO.,LTD. is a Japan-based company engaged in the operation of stores related to Nagasaki Champon and Tonkatsu, as well as the development of related business. The Company operates through three business segments. The Nagasaki Champon segment is engaged in expansion of the chain as a specialty store of Nagasaki Champon and sale of products about Ringer Hut brand. The Tonkatsu segment is engaged in expansion of the chain as a specialty store of Tonkatsu, manufacture and sale of pickles used and sold at the store. The Equipment Maintenance segment is mainly engaged in equipment maintenance for the group restaurant business.
RINGER HUT CO.,LTD. 
