Shokubun Co., Ltd. announced that it expects to receive ¥1.57545 billion in funding from SHINMEI Co., LTD.
February 15, 2021
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Shokubun Co., Ltd. (TSE:9969) announced that it will issue 5,835,000 shares at a price of ¥270 per share for gross proceeds of ¥1,575,450,000 on February 15, 2021. The transaction will include participation from SHINMEI Co., LTD.. The company will receive funding through third party allotment. The transaction is expected to close from March 4, 2021 to March 31, 2021. Post to the closing, the investor will increase its stake to 50.01%.
SHOKUBUN CO., LTD. is mainly engaged in the home delivery of dinner materials to general family, as well as the food materials sale to franchised companies and other companies. In its food sale business the Company provides services such as home delivery of dinner materials and sales of business-use foodstuffs, and provides menu planning and management guidance to franchise (FC) member companies. It provides its food materials in the Chubu area, Kansai area, Kyoto area and Osaka area. In its Food Research Study and Wholesale business, the Company is involved in the research and study of food and food-related issues, mail-order sale of food materials, as well as the wholesale of food products, household products, gifts and novelty products. In the sale of nursing care food and the commissioning of cooking, the Company sells nursing care food to nursing care facilities.
SHOKUBUN CO., LTD. 
