Oshamanbe Agri Co., Ltd. announced that it expects to receive ¥112.5 million in funding from ASTMAX Co., Ltd.
June 31, 2018
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Oshamanbe Agri Co., Ltd announced a private placement of 11,250 shares at a price of ¥10,000 for gross proceeds of ¥112,500,000 on June 1, 2018. The transaction will involve participation from existing investor, ASTMAX Co., Ltd. (JASDAQ:7162) for a majority stake in the company. Pursuant to the transaction, the investor will hold 85% stake in the company. The company will issue shares through third party allotment method. The transaction has been approved by the board of directors of ASTMAX Co., Ltd. (JASDAQ:7162). The transaction is expected to close on June 5, 2018.
Astmax Co Ltd is a holding company. The Company operates in four business segments through its subsidiaries. The Asset Management segment is performing fund of funds business that invests in hedge funds, private equity funds, and venture capital fund management business that invests in venture companies. It also focuses on the funded long-term asset formation business for individual investors. In the Dealing segment, the domestic commodity futures market is centered on the overseas futures market, and the operation business is carried out on its own account using the over-the-counter market (OTC market) that does not go through an exchange. The Renewable Energy Related segment is engaged in the power generation and electricity supply using renewable energy. The Power Trading Related segment is engaged in the provision of business agency services and systems for business related to retail electric power companies. The other business aims at agricultural practice.
ASTMAX CO., LTD. 
