Okinawa Uruma New Energy Co., Ltd. announced that it will receive ¥2,010,000,000 in its equity round of funding on March 15, 2018. The transaction will include participation from existing investor eREX Co.,Ltd. (TSE:9517), new investors Kyudenko Corporation (TSE:1959), Okinawa Gas Co., Ltd., Tokyo Gas Engineering Solutions Corporation, Kyuden Mirai Energy company Inc, and Toyo Kanetsu Kabushiki Kaisha (TSE:6369). The funding of ¥1,055,000,000 will go to capital increase and ¥1,055,000,000 will go to capital reserve.

Post completion of the transaction, the capital of the company will become ¥1,855,000,000. Post completion of the transaction, the sakte of eREX Co.,Ltd (TSE:9517) in the company will change from 100% to 56%. The investment is scheduled in stages.

The payment date of the transaction until December 2018.