Tokyo Sangyo Co., Ltd. announced that it expects to receive ¥133.90 million in funding from The Master Trust Bank of Japan, Ltd., Investment Arm
August 30, 2015
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Tokyo Sangyo Co., Ltd. (TSE:8070) announced a private placement of 259,000 treasury shares at ¥517 per share with The Master Trust Bank of Japan, Ltd., Investment Arm for gross proceeds of ¥133,903,000 on August 31, 2015. The placement date for the transaction is September 17, 2015.
Tokyo Sangyo Co Ltd is a Japan-based company engaged in the electric power business, the chemical and environment business, the electronic precision equipment business and the life related business. The Company operates through four business segments. Electric Power segment is engaged in the provision of power generating equipment, power distribution equipment and other electric power related equipment. Chemical and Environment segment is engaged in the provision of plants and equipment for chemical, petroleum refining, pharmaceutical, textile, rubber, nonferrous metals and other industries. Electronic Precision Equipment segment is engaged in the provision of precision equipment, measuring devices, air conditioning and other related equipment. Life Related segment is engaged in the provision of water-saving automatic flusher, plastic bags and garbage collection bags. The Company is also engaged in the management and operation of buildings, and the real estate leasing business.