Daiki Axis Singapore Pte. Ltd announced that it expects to receive SGD 7.452 million in funding from Daiki Axis Co., Ltd.
February 21, 2021
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Daiki Axis Singapore Pte. Ltd announced a private placement of common shares for gross proceeds of SGD 7,452,000 on February 22, 2021. The transaction will include participation from returning investor Daiki Axis Co., Ltd. (TSE:4245) to retain its 100% stake in the company. The transaction has been approved in the board of directors meeting of the investor. Post the transaction, the registered capital of the company will increase from SGD 23,133,866 to SGD 30,585,866. The transaction is expected to close in February 2021.
Daiki Axis Co.,Ltd. is a Japan-based company primarily engaged in the environmental equipment and residential equipment-related business. The Company has three business segments. Its Environment Equipment-related segment mainly involves in the manufacture, construction, sale and maintenance of water treatment equipment, including septic tanks. This segment provides products used in wastewater treatment and industrial water treatment, as well as sewer water treatment equipment. The Residential Equipment-related segment mainly involves in the sale of residential and education-related facilities, as well as interior and exterior works. The Others segment mainly involves in the manufacture and sale of biodiesel, bottled water and pet goods.
DAIKI AXIS CO., LTD. 