BITPoint Japan, Inc. announced that it expects to receive ¥2 billion in funding from Remixpoint, Inc.
January 09, 2018
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BITPoint Japan, Inc. announced a private placement of 40,000 common shares at a price of ¥50,000 per share for gross proceeds of ¥2,000,000,000 on January 9, 2018. The transaction will include participation from existing investor Remixpoint, Inc. (TSE:3825). The company will issue shares through a third-party allotment. The share allotment date and settlement date is January 10, 2018. Post the closing, the capital of the company will increase to ¥3,270,000,000. The transaction is subjected to approval of shareholders of the company.
Remixpoint, inc. is a Japan-based company mainly engaged in energy-related business and automotive business. Energy-related business engages in the development and sales of energy management systems, energy saving support consulting, sales of energy saving equipment, as well as purchase and sale power. Automotive-related businesses engages in the development and sale of used car assessment system, buying and selling of used cars related consulting, as well as the buying and selling of used cars. The Company also engages in operating of virtual currency trading post related services.
REMIXPOINT, INC. 
