FRANCETEI Co., Ltd. announced that it has received ¥7.65 million in funding from G.taste Co.,Ltd.
December 24, 2019
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FRANCETEI Co., Ltd. announced a private placement of shares for gross proceeds of ¥7,650,000 on December 25, 2019. The transaction will involve participation from returning investor G.taste Co.,Ltd. (JASDAQ:2694). Post the closing of the transaction, the investor's stake would remain 45% in the company and the capital will increase from ¥1,000 to ¥9,500,000. The transaction has been approved by the company's parent's board of directors.
Yakiniku Sakai Holdings Inc, formerly G.taste Co Ltd, is a Japan-based company mainly engaged in the operation of restaurants. The Company is engaged in the operation of chain stores named Heiroku Sush, Toriaezu Gohei, Murasaki, Yakinikuya Sakai, Nikusho Sakai, Omuraisutei, Nagasaki chan men and others, as well as the sale of products to franchisees operating under the same names. The Company is also engaged in the operation of restaurants named TONKOU, a Chinese restaurant; Shabu-Shabu Shimizu, a shabu-shabu restaurant; TEN.FOUR, a pizza manufacturing, home delivery and over-the-counter sales store; Kabenoana, an Italian restaurant; Shichifuku, a sushi and seafood izakaya restaurant; World Gourmet Junction, a food court; Dominique Buschet Tokyo and Le Copan de Dominique Busche, which are French restaurants.
YAKINIKU SAKAI HOLDINGS INC. 
