Hachi-Ban Co., Ltd. announced that it expects to receive ¥112.35 million in funding from Thai Hachiban Co., Ltd.
June 25, 2017
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Hachi-Ban Co., Ltd. (JASDAQ:9950) announced a private placement of 35,000 shares at the price of ¥3,210 per share for gross proceeds of ¥112,350,000 on June 26, 2017. Thai Hachiban Co., Ltd. will acquire treasury shares through third party allotment. The issuance cost would be ¥1,000,000. Board of Directors of the company approved the transaction on June 26, 2017. The transaction is expected to close on July 13, 2017.
HACHI-BAN CO., LTD. is a Japan-based company mainly engaged in the restaurant business. The Company operates in three business segments. The Restaurant segment manufactures raw Chinese noodles, ramen sauce and frozen dumplings, manages the Hachi-ban Ramen franchise chain headquarters, and operates ramen shops and Japanese restaurants. The External Sales segment sells Chinese raw noodle products and raw frozen dumplings. The Overseas segment conducts the import and export and sales of food based on restaurant franchise chain area licensing agreements outside Japan.
HACHI-BAN CO., LTD. 
