Greenpal Co., Ltd. announced that it expects to receive ¥399 million in funding from Nakayamafuku Co.,Ltd.
September 27, 2018
Share
Greenpal Co., Ltd. announced a private placement of common shares for gross proceeds of ¥399,000,000 on September 27, 2018. The transaction will involve participation from existing investor Nakayamafuku Co.,Ltd. (TSE:7442). Post the closing of the transaction, the registered capital will increase from ¥150,000,000 to ¥350,000,000 and the investor will continue to hold 100% in the company. The transaction is expected to close on October 5, 2018. The transaction was approved by the investor's board of directors.
NAKAYAMAFUKU CO.,LTD. is a Japan-based company engaged in the wholesale business about household goods such as kitchen goods and dining goods, as well as the manufacture and sale business about horticulture and interior goods. The Company operates through five geographic segments including Hokkaido & Tohoku, Kanto, Chubu, Kinki and Chugoku & Kyushu. The Company is mainly engaged in the sale of kitchen goods, dining goods, sanitary goods, storage goods and season goods to retailers in Japan (home centers, supermarkets, mail order dealers, co-ops, specialty retailers). In addition, the Company is also engaged in the Internet mail order business, import and sale business of interior related products, as well as the manufacture and sale business of horticulture and interior goods.
NAKAYAMAFUKU CO.,LTD. 
