Yokowo Co., Ltd. announced that it expects to receive ¥20.88 million in funding from Mizuho Securities Co., Ltd., Investment Arm
November 09, 2020
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Yokowo Co., Ltd. (TSE:6800) announced a private placement of 30,000 3rd stock acquisition rights of at a issue price of ¥696 per stock acquisition rights for total gross proceeds of ¥20,880,000 on November 10, 2020. There is no maximum strike price. The securities are issued through third-party allotment method. At the company's board meeting board resolved the issue.
YOKOWO CO., LTD. is a Japan-based company primarily engaged in the manufacture and sale of various types of electronic equipment. The Company operates in three business segments. The Vehicle Communication equipment segment supplies various of on-board antennas covering broad frequency ranges, including those for inter-vehicle and road-to-vehicle communications in advanced driver assistance systems (ADAS) and automated driving systems, in step with trends towards more compact composite models, media diversification and radio frequency identifier (RFID) support. The Circuit Testing Connectors segment provides connectors and test systems for the front to back-end testing. The Wireless Communication Equipment segment provides connectors for small mobile devices and point of sale (POS) devices.