NAGAWA Co., Ltd. announced that it expects to receive ¥598.92 million in funding from Hiraga Co.,Ltd., C&G Systems Inc., Taihei Dengyo Kaisha, Ltd., and another investor
January 26, 2020
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NAGAWA Co., Ltd. (TSE:9663) announced a private placement of 80,500 common shares at an issue price of ¥7,440 per share for gross proceeds of ¥598,920,000 on January 27, 2020. The transaction will involve participation from Hiraga Co.,Ltd. (JASDAQ:7863) for 6,700 shares, C&G Systems Inc. (TSE:6633) for 6,700 shares, Taihei Dengyo Kaisha, Ltd. (TSE:1968) for 40,300 shares and Nippon Dengi Co., Ltd. for 26,800 shares. The company will issue shares through third-party allotment method.
The company will incur expenses of ¥4,000,000. The payment date is February 12, 2020. The transaction has been approved by the board of directors of the company.
NAGAWA Co., Ltd. is a Japan-based company engaged in the design and installation of modular and system buildings, the manufacture, sale and rent of unit houses, as well as the rent and sale of construction equipment. The Company operates through three business segments. The Unit House segment is engaged in the manufacture, sale and rent of unit houses, as well as sale and rent of office equipment and electrical products incidental to houses. The Module and System Construction segment is engaged in construction and sale of module construction and system construction. The Construction Equipment Rental segment is engaged in the sale and rent of construction equipment.
NAGAWA Co., Ltd. announced that it expects to receive ¥598.92 million in funding from Hiraga Co.,Ltd., C&G Systems Inc., Taihei Dengyo Kaisha, Ltd., and another investor
NAGAWA CO., LTD. 
