Punch Industry Co., Ltd. announced that it expects to receive ¥5.75 million in funding from Nomura Securities Co. Ltd., Investment Arm
December 09, 2021
Share
Punch Industry Co., Ltd. announced a private placement of 25,000 subscription rights at an issue price of ¥230 per stock acquisition right for gross proceeds of ¥5,750,000 from Nomura Securities Co. Ltd., Investment Arm on December 10, 2021. The transaction has been approved by the board of directors of the company. The company will raise funding through third party allotment method. The minimum exercise price will not be less than ¥378. The issuance cost will be approximately ¥10,000,000. The transaction is expected to close on January 4, 2022.
PUNCH INDUSTRY CO., LTD. is principally engaged in the manufacture and distribution of molds. The Company's main products are comprised of plastic molds, which are used for the manufacture of plastic products, such as the outer frame of digital cameras and mobile phones, as well as pressed molds, which are manufactured by pressing machinery. The main products manufactured by the Company include sprue bushings, gate bushings, ejector pins and other plastic molds, as well as guide bushes for die sets, punches, stripper guides and other pressed molds.
PUNCH INDUSTRY CO., LTD. 
