Taiyo Bussan Kaisha,Ltd. announced that it expects to receive ¥139.9108 million in funding from Ebisu Shoji, K.K., Running Co., Ltd
August 12, 2021
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Taiyo Bussan Kaisha, Ltd. announced a private placement of 272,200 common shares at a price of ¥514 per share for gross proceeds of ¥139,910,800 on August 13, 2021. The transaction will include participation from new investor, Ebisu Shoji, K.K. for 136,100 shares, and Running Co., Ltd. for 136,100 shares and will acquire 8.50% stake in the company. The shares will be subscribed through third party allocation. The company will pay ¥3,500,000 for registration expenses, ¥7,000,000 for financial advisory expenses, and ¥1,500,000 for other administrative expenses in the transaction. The transaction has been approved by the board of directors of the company. The payment date is September 3, 2021.
TAIYO BUSSAN KAISHA, LTD. is a Japan-based company mainly engaged in the trading business. In addition, through its affiliated company, it is involved in the management of real estate and the insurance agency business. The Company has five segments. The Food 1 segment includes chicken. The Food 2 segment includes chicken. The Integrated Foods segment includes processed foods. The Sales Development segment includes vehicles and parts, soybeans and chemicals. The Living Industry segment includes pork.