Puequ CO.,LTD. announced that it expects to receive ¥13.6 million in funding from SMBC Nikko Securities Inc., Investment Arm
December 13, 2018
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Puequ CO.,LTD. (JASDAQ:9264) announced a private placement of 4,000 No 3 warrants at the price of ¥3,400 per warrants for gross proceeds of ¥13,600,000 on December 14, 2018. The transaction will include participation from existing investor SMBC Nikko Securities Inc., Investment Arm. The warrants are exercisable into 400,000 common shares at an exercise price of ¥4,095 and will receive proceeds of ¥1,651,600,000 post exercise. The warrant exercise period is from January 8, 2019 to December 30, 2021. The estimated amount of various issue expenses ¥6,000,000 and net proceeds is ¥1,645,600,000. The transaction has been approved by the board of directors of the company. The transaction is expected to close on January 7, 2019.
Puequ CO.,LTD. is a Japan-based company principally engaged in the manufacture and sale of environment and energy related equipment, power and heavy machine related equipment, as well as disaster prevention and safety related equipment. The Company operates in three business segments. Environment and Energy segment is involved in the manufacture and sale of environment-related equipment aimed at water treatment and environmental improvement, as well as energy-related equipment, which are mainly composed of heat exchangers. Power and Heavy Equipment segment is involved in the manufacture and sale of marine machinery and parts, plant related equipment and other power related parts. Disaster Prevention and Safety segment is involved in the manufacture and sale of indoor and outdoor fire hydrants and pressurized water conveying devices for sprinkler fire extinguishing facilities.
PUEQU CO.,LTD. 