Yantai Shinwa Joint Technology Co., Ltd. announced that it expects to receive ¥46 million in funding from Hisaka Works, Ltd.
February 05, 2013 at 09:30 am IST
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Yantai Shinwa Joint Technology Co., Ltd. announced that it will receive ¥46 million in a round of funding from existing investor Hisaka Works, Ltd. on February 5, 2013. The company will issue equity securities in a third-party allocation wherein the investor will increase its stake from a little less than 5% to 13%. The new capital of the company will become ¥529 million.
HISAKA WORKS, LTD. is a Japan-based company engaged in the manufacture and sale of Plate-type heat exchanger (PHE), brazing plate-type heat exchanger (BHE), retort cooking sterilizer, sterile rice production plant, medical sterilizer, high temperature dyeing machine, supercritical technology utilization device, ball valve, sanitary valve products. The Company operates through three business segments. The Heat Exchanger segment is engaged in the manufacture and sale of plate-type heat exchangers that heat and cool fluids. The Process Engineering segment is engaged in manufacture and sale of sterilizers such as retort foods, sterilizers for pharmaceuticals and finishing equipment for textiles. The Valve segment is engaged in manufacture and sale of ball valves used to control various fluids. In addition, the Company is also engaged in operation of sanitary valves, dairy products and pharmaceuticals, conductivity sensors, as well as plant construction and power generation businesses.
HISAKA WORKS, LTD. 