Nakamichi Leasing Co., Ltd. announced that it has received ¥13.79 million in funding from Fuyo General Lease Co. Ltd.
May 25, 2014 at 09:30 am IST
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Nakamichi Leasing Co., Ltd. (SPSE:8594) announced a private placement of 70,000 treasury shares at ¥197 per share with returning investor Fuyo General Lease Co. Ltd. for gross proceeds of ¥13,790,000 on May 8, 2014. Investor will hold 10.01% stake in the company up from 3.28% post acquisition and placement of shares. The transaction is expected to close on May 26, 2014.
On May 25, 2014, Nakamichi Leasing Co., Ltd. closed the transaction.
Fuyo General Lease Co Ltd is engaged in the financial transactions such as leasing of machinery and equipment, real estate leasing, installment sales transactions and monetary lending. The Company operates in three business segments. The Leasing & Installment segment includes leasing of information-related equipment & office equipment, industrial machine tools (including property sales associated with the expiration & cancellation of lease transactions), the leasing of real estate, as well as the installment sale of commercial equipment, production equipment, hospital equipment. The Finance segment is involved in the money lending, the operation of securities owned to obtain financial income for business purposes, and the establishing of the silent partnership. Others segment includes environment and energy-related, fees and business process outsourcing (BPO) services (new areas).