SHINTO Holdings, Inc. announced that it expects to receive ¥16.1961 million in funding from Shinei Shoko, Y.K., and another investor
December 07, 2020
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SHINTO Holdings, Inc. (JASDAQ:2776) announced a private placement of 22,220 units of 5th stock acquisition rights at an issue price of ¥114 per warrant for gross proceeds of ¥2,530,800 and 111,100 units of 6th stock acquisition rights at an issue price of ¥123 per warrant for gross proceeds of ¥13,665,300 on December 8, 2020. The transaction will include participation from Minghui Deng for 22,200 series 5 warrants and Shinei Shoko Co., Ltd. for 111,100 series 6 warrants. The initial exercise price of series 5 warrants is ¥88 and initial exercise price of series 6 warrants is ¥80 and will receive proceeds of ¥195,360,000 from series 5 warrants and ¥888,800,000, post exercise. The series 5 warrants exercise period is from December 28, 2020 to December 27, 2022 and for series 6 warrants is from December 28, 2020 to December 27, 2022. The transaction has been approved by board of directors of the company and is expected to close on December 28, 2020. The company will raise funding through third party allotment method.
SHINTO Holdings, Inc., formerly CRYMSON Co., Ltd., is a Japan-based company mainly engaged in clothing business. The Company operates through three business segments. The Apparel segment is engaged in casual wear planning, production consignment by overseas and domestic manufacturers, and sales operations mainly in wholesale. The main products include T-shirts, trainers and other cut-and-sew products. The Company receives brand licenses from overseas casual wear related companies and sports gear companies. The Company not only use those licenses to their own products, but also provide licenses to companies that manufacture and sell products other than casual wear. The Real Estate-Related Service segment is mainly engaged in the sale and brokerage of real estate properties for the Greater China region and Chinese residents in Japan. The Trading segment sells daily goods and other products in China and Japan.
SHINTO HOLDINGS, INC. 
