Samty Co., Ltd. announced that it expects to receive ?12 billion in funding from Daiwa Securities Co., Ltd., Investment Arm
October 24, 2021
Share
Samty Co., Ltd. announced a private placement of 120 2nd unsecured convertible bond-type bonds with stock acquisition at ?100,000,000 per bond for gross proceeds of ?12,000,000,000 on October 25, 2021. The bonds will mature on November 10, 2026. The bonds will be convertible into common shares of the company at a fixed conversion price of ?2,868 per share. The company will also issue convertible warrants in the transaction which can be exercised from May 10, 2023 to November 10, 2026. The payment date for the transaction is November 10, 2021. The transaction has been approved by the board of directors of the company. The company raised funding through third party allotment method. The company paid ?76,000,000 for legal expenses, appraisal expenses for the bonds with stock acquisition rights, and other expenses, printing expenses, registration expenses.
Samty Holdings Co Ltd is a Japan-based company mainly engaged in real estate development business, real estate solutions business, overseas business, real estate rental business, hotel rental and operation business, and real estate management business. The real estate development business plans, develops, and sells its own brand 'S-RESIDENCE' series. The real estate solutions business acquires, rehabilitates, and sells profitable real estate. The overseas business is engaged in overseas investment and housing development business. The real estate rental business is engaged in the rental of condominiums, office buildings, and commercial facilities. The hotel rental and operation business is engaged in the rental and management of hotels. The real estate management business manages condominiums, office buildings, and commercial facilities.