Jimoto Holdings, Inc. announced that it has received ¥30 billion in funding from The Resolution And Collection Corporation.
December 28, 2012 at 09:30 am IST
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Jimoto Holdings, Inc. (TSE:7161) announced a private placement of 100,000,000 type C preferred shares at ¥200 per share for gross proceeds of ¥20,000,000,000 and 50,000,000 type D preferred shares at ¥200 per share for gross proceeds of ¥10,000,000,000 with existing investor, The Resolution And Collection Corporation for total gross proceeds of ¥30,000,000,000 on December 12, 2012. The board of the company and shareholders' approved the issuance in special shareholders' meeting. The company will receive net proceeds of ¥19,983,000,000 from issuance of type C preferred shares registration-related expenses of ¥17,000,000. The company will receive net proceeds of ¥9,991,500,000 from issuance of type D preferred shares registration-related expenses of ¥8,500,000. The application period and payment due date is December 28, 2012. The shares will be issued by third party allocation.
On December 28, 2012, Jimoto Holdings, Inc. closed the transaction.
Jimoto Holdings, Inc. is a Japan-base holding company. The Company operates in two business segments. The Banking segment is engaged in the deposit, loan, domestic and foreign exchange, public bond, investment trust, the over-the-counter sale of insurance products, securities trading and investment, bonds contracts and registration, as well as the pecuniary loan businesses. The Leasing segment is engaged in leasing of information related equipment, business machines and others. The others business is engaged in the credit card business, credit guarantee business, venture capital business, out sourcing business, as well as the development, maintenance and operation of computer system.
JIMOTO HOLDINGS, INC. 