Fuji Seiki Co., Ltd. announced that it has received ¥1.18 million in funding from Milestone Capital Management Co., Ltd.
May 07, 2013 at 05:00 am
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Fuji Seiki Co., Ltd. (JASDAQ:6400) announced a private placement of 170 units of 1st series warrants at ¥6,920 per unit with Milestone Capital Management Co., Ltd. for gross proceeds of ¥1,176,400 on April 19, 2013. Each unit of warrant will entitle the holder to purchase an additional 10,000 shares of the company at a fixed exercise price of ¥100 per share. The company may issue a maximum of 1,700,000 shares upon exercise of warrants. The warrants will be issued through third party allocation. On the same date, the transaction was approved by the board of directors of the company. The application date and the settlement date for the transaction is May 7, 2013.
On May 7, 2013, Fuji Seiki Co., Ltd. closed the transaction.
FUJI SEIKI CO., LTD. is a Japan-based company mainly engaged in the manufacture and sale of precision molds for injection molding and injection molding systems. The Company operates in two business segments. The Precision Molds For Injection Molding and Injection Molding System segment is engaged in the manufacturing and sales of precision molds for injection molding and injection molding systems. The Precision Molding and Others segment is engaged in the manufacturing and sales of precision molding products and other products.