Misonoza Theatrical Corp. announced that it has received ¥3.34 billion in funding from a group of investors.
September 11, 2013 at 09:30 am IST
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Misonoza Theatrical Corp. (NSE:9664) announced a private placement of 30,000,000 common shares on March 18, 2013. The shares will be issued through third-party allocation. The price of shares is not yet determined. The payment date is August 12, 2013. The estimated amount to be received in the transaction will be ¥4,500,000,000, which is calculated with the closing price of its common shares in Nagoya Stock Exchange as of March 13, 2013. The estimated amount of various issuance expenses will be ¥15,000,000 is the total of registration and licensing taxes, prospectus printing expenses. The transaction was approved in board of directors' meeting of the company.
On May 28, 2013, the company announced that it has amended the terms of the transaction. The company will now issue maximum of 34,000,000 common shares at minimum price of ¥100 per share for gross proceeds of ¥3,400,000,000.
On July 10, 2013, the company amended the terms of the transaction. The company extended the payment date of the transaction. The transaction will include participation from Nagoya Railroad Co., Ltd., Toyota Motor Corporation, and Chubu Electric Power Company, Incorporated. Chubu Electric Power Company, Incorporated is expected to invest ¥15,000,000. The execution date will be not later than August 12, 2013.
On August 2, 2013, the company announced that it will decide the details about share issuance through private placement in the middle of August 2013.
On August 14, 2013, the company announced that it has announced the details of the private placement. The company will issue 26,743,000 shares at ¥125 per share for gross proceeds of ¥3,342,875,000. The application period will be from August 30, 2013 to September 9, 2013. The transaction will include participation from The Chunichi Shimbun Co., Ltd., which will subscribe to 1,200,000 shares for ¥150,000,000, The Okazaki Shinkin Bank, Kizankai Medical Corporation, Dainichi Co., Ltd., Tokai Tokyo Financial Holdings Inc., Toyota Motor Corporation, Nomura Holdings Inc., and Miyazaki Co., Ltd. which will subscribe to 800,000 shares each for ¥100,000,000 each and other investors. The net proceeds from the transaction will be ¥3,307,875,000, after deducting expenses of ¥35,000,000, including registration and license tax, printing expense of the prospectus, commission fee of the payment handling agency etc. The Chunichi Shimbun Co., Ltd. will hold 2.65% stake and Kizankai Medical Corporation, The Okazaki Shinkin Bank, Dainichi Co., Ltd., Tokai Tokyo Financial Holdings Inc., Toyota Motor Corporation, Nomura Holdings Inc., and Miyazaki Co., Ltd. will hold 1.63% stake each after the transaction.
On September 11, 2013, Misonoza Theatrical Corp. closed the transaction. The transaction included participation from 65 public companies, 26 individuals, and 94 non-public companies.
Tokai Tokyo Financial Holdings Inc is a Japan-based company primarily engaged in investment and financial service business. The Company is engaged in the purchase and sale of securities, the brokerage of securities, the underwriting, sale, public offering and private offering of securities, as well as other financial product transaction businesses and financial product-related businesses. The Company is also engaged in the provision of financing and fund management services for clients in overseas markets, including Asian, American and European financial markets.
TOKAI TOKYO FINANCIAL HOLDINGS, INC. 
