Property Data Bank, Inc. announced that it expects to receive ¥92.9 million in funding from Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.
July 20, 2018
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Property Data Bank, Inc. (TSE:4389) announced a private placement of 56,700 common shares for gross proceeds of JPY 92,900,000 from Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. on July 20, 2018. The share subscription is expected to close on July 23, 2018 and the payment date is on July 24, 2018.
Property Data Bank, Inc. is engaged in development of software for real estate and facility management, as well as provision of integrated asset management cloud service under the name @property. The cloud service mainly engages in provision and maintenance of @property, and support of users. It receives monthly usage fee and maintenance service fee by customer-based billing according to the number of registered building data on a monthly basis from customers. The solution service engages in business efficiency improvement for customers, who already introducing @ property or planning to introduce it. It also engages in provision of solution services according to customer specific needs.
PROPERTY DATA BANK, INC. 
