Sakai Heavy Industries(shanghai), Ltd announced that it expects to receive $3 million in funding from Sakai Heavy Industries, Ltd.
September 09, 2021
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Sakai Heavy Industries(shanghai), Ltd announced that it will receive $3,000,000 in an equity round of funding from returning investor Sakai Heavy Industries, Ltd. on September 10, 2021.After the capital increase, the capital amount is $ 5,800,000. After capital increase, the investor will hold 100% stake of the company. The transaction is expected to close in December 2021. The transaction has been approved by board of directors of the investor.
SAKAI HEAVY INDUSTRIES, LTD. is a Japan-based company mainly engaged in the manufacture and sale of road paving equipment, as well as road maintenance and repair equipment. The Company is mainly engaged in the design, manufacture, sale and repair of construction equipment, industrial machinery and related parts, the purchase and sale of used construction equipment, as well as the design, construction, supervision and contracting of road pavement and repair work. The Company is engaged in the production of vibratory single drum rollers, vibratory tandem rollers, static pneumatic tired rollers, vibratory combined rollers, vibratory three wheel rollers, rammers, plate compactors, walk behind rollers and other road paving equipment, as well as road planers, asphalt pavers, road cleaners, water sprinklers and other road maintenance and repair equipment. The Company distributes its products within the domestic market and to overseas markets, including the American, Indonesia, and China.
SAKAI HEAVY INDUSTRIES, LTD. 