Transcosmos inc. announced that it expects to receive ¥10 billion in funding
November 24, 2021
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transcosmos inc. announced a private placement of Euroyen convertible bonds with stock acquisition rights maturity in 2026 for gross proceeds of ¥10,000 million on November 25, 2021. The company will issue bonds and stock acquisition rights on December 14, 2021. The bonds do not carry any interest rate but late interest may be paid. The bonds will be 100% redeemable of the par value of the bonds on December 14, 2026. The total number of stock acquisition rights shall be total number of 1,000 bonds and head office bonds with alternative stock rights divided by ¥10 million. The conversion price of stock acquisition rights is ¥4,154. The stock acquisition rights can be exercised from December 28, 2021 to November 30, 2026. The transaction has been approved by the board of directors of the company.
transcosmos inc. is a Japan-based company principally engaged in the provision of one stop high value-added services in Japan and overseas. It operates in three business segments, including Simple Substance segment, Domestic Affiliate Companies segment and Overseas Affiliate Company segment, engaged in the outsourcing business. The Company mainly provides integrated marketing service, call center service, big data analytics service, business process outsourcing services and digital marketing services.