Chiba Arkon Production Limited announced that it has received ¥2.019 billion in funding from Arakawa Chemical Industries, Ltd., Cosmo Energy Holdings Co., Ltd., Maruzen Petrochemical Co., Ltd.
April 25, 2021
Share
Chiba Arkon Production Limited announced a private placement of ¥2,019,000,000 in an equity round of funding on April 26, 2021. The transaction included participation from Arakawa Chemical Industries, Ltd. (TSE:4968) with an investment of ¥1,029,690,000, Cosmo Energy Holdings Co., Ltd. (TSE:5021) with an investment of ¥282,660,000 Maruzen Petrochemical Co., Ltd. with an investment of ¥706,650,000. The company's registered capital increased from ¥20,000,000 to ¥2,000,000,000.
Cosmo Energy Holdings Co Ltd is a Japan-based company mainly engaged in the development, import, refining, storage and sale of crude oil. The Company operates in three business segments. The Petroleum segment is engaged in the production and sale of volatile oil, naphtha, kerosene, light oil, heavy oil, crude oil, lubricating oil and liquefied petroleum gas. The Petrochemical segment is engaged in the production and sale of petrochemical products such as ethylene, mixed xylene, paraxylene, benzene, toluene, and petrochemical solvents. The Oil Development segment is engaged in the development, production and sale of crude oil. The other business includes construction business, insurance agency business, leasing business, travel business, wind power generation business, real estate sales business, accounting, finance, purchasing, general affairs and human resources-related business.
Chiba Arkon Production Limited announced that it has received ¥2.019 billion in funding from Arakawa Chemical Industries, Ltd., Cosmo Energy Holdings Co., Ltd., Maruzen Petrochemical Co., Ltd.
COSMO ENERGY HOLDINGS CO., LTD. 
