CHITOSE BIO EVOLUTION PTE. LTD. announced that it has received ¥3.1 billion in funding from a group of investors
September 11, 2023
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On July 11, 2023, CHITOSE BIO EVOLUTION PTE. LTD. closed the transaction. The company received ¥3,100 million in the transaction. The method of capital increase is through third-party allotment. The transaction included participation from new investors, NGK Insulators, Ltd., Shiseido Company, Limited, Mitsui Kinzoku-SBI Material Innovation Fund, a fund managed by, SBI Investment Co., Ltd. and Mitsubishi Kakoki Kaisha, Ltd., Ikeda tohka Industries Co.,Ltd., Sun Sail Navigation Pte. Ltd. and Shinsho Corporation.
On the same date, the company received ¥2,100 million in its second and final tranche closing.
Shinsho Corp is a Japan-based company mainly engaged in the transaction of iron and steel, ferrous raw materials, nonferrous metals, equipment, welding products and other products, as well as the manufacture of related products, the provision of information services, and the investment business. The Company has five business segments. The Iron and Steel segment is mainly engaged in the sale of wire rods, steel sheets, steel plates, cast and forged steels, titanium and steel powder. The Ferrous Raw Material segment is mainly engaged in the procurement and sale of coal, alloy steels and iron ores. The Nonferrous Metal segment is mainly engaged in the sale of aluminum and copper products for automobiles. The Machinery and Information segment is mainly engaged in the sale of industrial machinery and chemical machinery. The Welding segment is mainly engaged in the sale of welding materials and welding equipment. The Company is also engaged in the real estate leasing business.
SHINSHO CORPORATION 
