Tomoe Machinery Equipment Co., Ltd. announced that it expects to receive $4.2 million in funding from Tomoe Engineering Co., Ltd.
August 29, 2019
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Tomoe Machinery Equipment (Taicang) Co., Ltd. announced that it will receive $4,200,000 in an equity round of funding on August 30, 2019. The transaction will include participation from returning investor Tomoe Engineering Co., Ltd. (TSE:6309). Post the closing of the transaction, the capital increase will increase from $800,000 to $5,000,000.
TOMOE ENGINEERING CO., LTD. is a Japan-based company mainly engaged in the manufacture and sale of centrifuge decanters, and the purchase and sale of chemical industrial products. The Company has two business segments. The Machinery Manufacture and Sale segment is engaged in the manufacture and sale of centrifuge decanters for water treatment, food, feed, medicine, chemistry, recycling, energy, steelmaking, biotechnology and construction fields, the processing and sale of components, as well as the provision of related after services. The Chemical Industrial Products Sale segment is engaged in the purchase and sale of chemical industrial products such as synthetic resins, industrial materials, mineral products, chemical products, functional materials and electronic materials, the coloration processing and compound processing of synthetic resin materials, as well as the sale of imported liqueur products. The Company is also engaged in the delivery and inventory management of products.
TOMOE ENGINEERING CO., LTD. 
