Okamoto Glass Co., Ltd. announced that it expects to receive ¥50 million in funding from Industrial Growth Platform Inc., Investment Arm
February 09, 2017
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Okamoto Glass Co., Ltd. (JASDAQ:7746) announced a private placement of 375,900 shares at ¥133 per share for gross proceeds of ¥49,994,700 on February 10, 2017. The transaction will include participation from new investor Industrial Growth Platform Inc., Investment Arm to acquire 1.95% stake in the company. The transaction is expected to be completed by February 24, 2017. The company will issue securities through third party allotment method. The company will pay expenses of ¥400,000. The company will receive net proceeds of ¥49,594,700 in the transaction.
OKAMOTO GLASS CO.,LTD. is a Japan-based company engaged in the manufacture and sale of special-purpose glass used for industrial, as well as multi-layer film evaporation products. The Company operates through two business segments. The Optical segment is engaged in the manufacture and sale of reflectors for projectors, fly-eye lenses, reflectors for digital cinema projectors and infrared transmission filters for automobiles. The Lighting segment is mainly engaged in the manufacture and sale of head lenses and fog lenses for automobiles, as well as glass products for general lighting. In addition, the Company is also engaged in the manufacture and sale of medical glass products, such as dental mirrors, door glass for washing machines, frits and functional thin films.
OKAMOTO GLASS CO., LTD. 
