AdMeTech Co.,Ltd announced that it expects to receive ¥5 million in funding from The Ehime Bank, Ltd.
July 14, 2016
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AdMeTech Co., Ltd. announced a private placement of 32,258 common shares at ¥155 per share for gross proceeds of ¥4,999,990 on July 15, 2016. The round will include participation from The Ehime Bank, Ltd. (TSE:8541) who will subscribe shares through third party allocation method. The company will incur registration expenses of ¥100,000 and other expenses of ¥500,000. The company will receive net proceeds of ¥4,399,990. The settlement date is August 4, 2016. The board of directors of the company approved the transaction.
Ehime Bank Ltd is a Japan-based bank mainly engaged in the provision of financial services including banking business and leasing business. The Bank operates in two business segments. The Banking segment is engaged in the provision of banking services, including deposits, loans, as well as domestic and foreign currency exchange services through head office, branches and local offices. The Leasing segment is engaged in the provision of leasing services. The Bank is also engaged in the management and operation of computer systems, the credit card business, the guarantee services business and the support for the advancement of ship finance. Through its subsidiaries, the Company also invests in venture companies, the agriculture, forestry and fisheries industries and the support management of companies that incorporate the Sustainable Development Goals (SDGs) into their management in Setouchi region, and acquires, holds and disposes monetary claims for the purpose of acquiring ships.
THE EHIME BANK, LTD. 
