Dear Life Co.,Ltd. announced that it expects to receive ?9.54 million in funding from SMBC Nikko Securities Inc., Investment Arm
November 18, 2021
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Dear Life Co.,Ltd. announced that it has entered into an facility agreement for a private placement of 60,000 7th stock acquisition rights at a price of ?159 per stock acquisition right for gross proceeds of ?9,540,000 on November 19, 2021. The transaction will include participation from returning investor SMBC Nikko Securities Inc., Investment Arm through third-party allotment. Each stock acquisition right is exercisable into 100 common shares at an initial exercise price of ?612 per share from December 7, 2021 to December 30, 2024. The transaction has been approved in the board of directors meeting of the company. The transaction is expected to close on December 6, 2021.
DEAR LIFE CO., LTD. is engaged in the real estate business. Real estate segment provides a range of real estate-related services, including the development and planning of real estates, investment and management of profitable real estates, asset management, and real estate brokerage. The sales promotion segment provides temporary staffing service which mainly includes sales support staff and clerical staff for condominium sales at model rooms and condominium leasing. The outsourcing service segment provides rental fee collection, payment management, arrears dunning, contract reception and delinquency warranty service.