Fukuoka Chuo Uoichiba Co.,Ltd. announced that it has received ¥100 million in funding from Saibu Gas Co., Ltd.
May 08, 2013 at 12:00 am EDT
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Fukuoka Chuo Uoichiba Co.,Ltd. announced that it has received ¥100 million in an equity round of funding from existing investor Saibu Gas Co., Ltd. on May 8, 2013. The securities were issued by way of a third party allocation. As a result of the transaction, the investor holds a 91% stake in the company. The company reportes revenue of ¥7.46 billion for the financial year ending March 2013.
On May 8, 2013, Fukuoka Chuo Uoichiba Co.,Ltd. closed the transaction.
Saibu Gas Holdings Co Ltd, formerly Saibu Gas Co Ltd, is a Japan-based company mainly engaged in the gas business, liquefied petroleum gas (LPG) and other energy business and real estate business. The Company operates through three business segments. The Gas segment is engaged in the manufacture, supply and sale of gas, the internal pipe construction, and the sale of gas equipment and liquefied natural gas. It is also engaged in the gas consumption equipment surveys, internal pipe inspections. The Real Estate segment is engaged in the real estate sales and leasing business, housing land development, construction and sales business. The LPG and Other Energy segment is engaged in the sale of LPG and gas equipment. It is also engaged in heat supply business, gas equipment design and construction business and power generation business. It is also engaged in information processing services, operation of paid nursing homes, management of restaurants, amusement parks, golf courses and others.
SAIBU GAS HOLDINGS CO.,LTD. 
