Hikari Holdings Co.,Ltd. announced that it expects to receive ¥98.6 million in funding
November 09, 2020
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Hikari Holdings Co.,Ltd. (TSE:1445) announced a private placement of a maximum 34,000 shares at a minimum issue price of ¥2,900 per share for gross proceeds of ¥98,600,000 on November 10, 2020. The company will issue shares pursuant to third party allotment of shares. The transaction is expected to close on January 29, 2021. The transaction has been approved by the the extraordinary board of directors meeting of the company. The transaction is subject to the 5th ordinary general meeting of shareholders scheduled to be held on November 26, 2020.
Hikari Holdings Co., Ltd. is a Japan-based company mainly engaged in the tile & stone processing and sales business, construction material wholesale business, as well as telecommunications construction project business. The tile and stone mainly includes floor tiles and wall tiles, which are used for interior decoration. Construction Material Wholesale business sells imported building materials, such as Brook & Stone (brick), tile, mosaic, and involves import agency and warehouse management business. Telecommunications Construction Project business includes facility construction contracting work, temporary staffing work, and field support work.
HIKARI HOLDINGS CO.,LTD. 
