Hachi-Ban Co., Ltd. announced that it expects to receive ¥436.56 million in funding from a group of investors
May 07, 2017
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Hachi-Ban Co., Ltd. (JASDAQ:9950) announced a private placement of 136,000 common shares at ¥3,210 per share for gross proceeds of ¥436,560,000 on May 8, 2017. As part of the transaction, company will issue 31,000 shares to Sumitomo Mitsui Trust Bank, Ltd., 10,000 shares to Kanakan, Inc., 10,000 shares to Civil International Corporation, 10,000 shares to Taiya Co., Ltd., 10,000 shares to Nippon Agency, Inc., 10,000 shares to Yamato Sangyo Co., Ltd., 6,000 shares to AC’s Co., Ltd., 6,000 shares to Kakimoto Co., Ltd., 5,000 shares to Bell Shokuhin Co., Ltd., 3,000 shares to Marugo Kensetsu Co., Ltd. and 35,000 shares to Thaihachiban Company Limited. The company will incur issue costs of ¥10,000,000 which include legal expenses, recipient inspection expenses, securities registration statement creation expenses, etc.
HACHI-BAN CO., LTD. is a Japan-based company mainly engaged in the restaurant business. The Company operates in three business segments. The Restaurant segment manufactures raw Chinese noodles, ramen sauce and frozen dumplings, manages the Hachi-ban Ramen franchise chain headquarters, and operates ramen shops and Japanese restaurants. The External Sales segment sells Chinese raw noodle products and raw frozen dumplings. The Overseas segment conducts the import and export and sales of food based on restaurant franchise chain area licensing agreements outside Japan.
HACHI-BAN CO., LTD. 