Take and Give. Needs Co., Ltd announced that it expects to receive ¥3 billion in funding from Norinchukin Bank, Investment Arm, Tsunagu Investments Pte. Ltd.
February 09, 2021
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Take and Give. Needs Co., Ltd (TSE:4331) announced that it has entered into a share subscription agreement for a third party allotment of shares for gross proceeds of ¥3,000,000,000 on February 10, 2021. The company will issue 2,000 class 1 preferred stock at a price of ¥1,000,000 per share for gross proceeds of ¥2,000,000,000 to Norinchukin Bank, Investment Arm and 1,000 shares of class 2 preferred stock at a price of ¥1,000,000 per share for gross proceeds of ¥1,000,000,000 to Tsunagu Investments Pte. Ltd. The transaction has been approved by the board of directors of the company. The company will pay ¥204,000,000 as issuance costs including registration-related costs, financial advisory fees, legal advisory fees, and valuation costs and will receive net proceeds of ¥2,796,000,000. The transaction is expected to close on April 20, 2021.
TAKE AND GIVE. NEEDS Co., Ltd. is a Japan-based company mainly engaged in the provision of domestic wedding business. The Company operates in two business segments. The Domestic Wedding segment is engaged in the planning and operation of domestic wedding ceremonies. The Overseas Resorts Wedding division is engaged in the planning and operation of overseas resorts wedding ceremonies.
Take and Give. Needs Co., Ltd announced that it expects to receive ¥3 billion in funding from Norinchukin Bank, Investment Arm, Tsunagu Investments Pte. Ltd.