Corporacion Tatsumi de México, S.A. de C.V. announced that it expects to receive MXN 162 million in funding from TATSUMI Corporation, Mitsuba Corporation

Corporacion Tatsumi de México, S.A. DE C.V. announced that it will receive MXN 162 million in an equity round of funding on July 28, 2017. The transaction will include participation from returning investors, TATSUMI Corporation (JASDAQ:7268) for MXN 92 million and Mitsuba Corporation (TSE:7280) for MXN 64 million. Post the closing, the capital of the company will increase from MXN 245 million to MXN 407 million.

The company expects to complete the transaction by early August 2017. The transaction has been approved by the board of directors of the TATSUMI Corporation (JASDAQ:7268).