AGASTA Co., Ltd. announced that it has received ¥150.05 million in funding from Carchs Holdings Co., Ltd.
November 13, 2014 at 09:30 am IST
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AGASTA Co., Ltd. announced a private placement of 3,001 common shares at ¥50,000 per share for gross proceeds of ¥150,050,000 on November 12, 2014. The transaction will be closed on November 13, 2014. The transaction will take place through a third party allotment. The transaction will include participation from new investor Carchs Holdings Co., Ltd. After the completion of the transaction, WebCrew Inc. will hold 33.33% stake in the company down from 50% stake. The company announced that the transaction has been approved in the shareholders meeting. The company had net assets of ¥505,969,000; total assets of ¥821,710,000; net assets per share of ¥84,328; sales of ¥2,463,197,000; operating profit of ¥26,844,000; current profit of ¥46,325,000; net income of ¥ 70,782,000; and net income per share of ¥11,797 for the year ending on September 30, 2013.
On November 13, 2014, AGASTA Co., Ltd. closed the transaction.
Carchs Holdings Co. Ltd. is a Japan-based holding company mainly engaged in automobile related businesses. The Company is engaged in the purchase and sale of used cars, as well as the sale of new cars.