Ishii Hyoki Co. Ltd. announced that it has received ¥1.66 billion in funding from Mitsubishi UFJ Lease & Finance Company Limited, The Hiroshima Bank, Ltd., and The Momiji Bank, Ltd.
August 31, 2012 at 05:00 am
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Ishii Hyoki Co. Ltd. (TSE:6336) announced a private placement of preferred shares type A and preferred shares type B for total gross proceeds of ¥1,659,220,000 on July 12, 2012. The company will issue 75,922 preference shares type A at ¥10,000 per share for gross proceeds of ¥759,220,000 to returning investor Mitsubishi UFJ Lease & Finance Company Limited. The company will issue 90,000 preference shares type B at ¥10,000 per share for gross proceeds of ¥900,000,000. 85,000 shares and 5,000 shares will be allocated to returning investors The Momiji Bank, Ltd. and The Hiroshima Bank, Ltd., respectively. The settlement date is August 31, 2012. Estimated amount of various issue costs will amount to ¥17,000,000. The net amount of proceeds will amount to ¥1,642,220,000. The board of directors has approved the transaction. The issuance of these preferred shares will be announced in the special shareholders' meeting to be held on August 30, 2012. After the completion of the transaction, Mitsubishi UFJ Lease & Finance Company Limited will hold 100% of the company's preferred shares type A, The Momiji Bank, Ltd. will hold 94.44% of the company's preferred shares type B , and The Hiroshima Bank, Ltd. will hold 5.56% of the company's preferred shares type B.
On August 31, 2012, Ishii Hyoki Co. Ltd. closed the transaction.
ISHII HYOKI CO.,LTD. is a Japan-based company mainly engaged in the development, production, sale and service of electronic equipment parts manufacturing equipment, displays and electronic parts products. The Company operates through two business segments. The Electronic Equipment Parts Manufacturing Devices segment is involved in the manufacture and sale of printed circuit board manufacturing equipment, semiconductor manufacturing equipment, inkjet coaters and others. The Display and Electronic Components segment is involved in the manufacture and sale of membrane switch panels, silk printing and nameplates. The Company is also involved in the sale of products through its subsidiaries.
Ishii Hyoki Co. Ltd. announced that it has received ¥1.66 billion in funding from Mitsubishi UFJ Lease & Finance Company Limited, The Hiroshima Bank, Ltd., and The Momiji Bank, Ltd.