Tokyo TY Financial Group, Inc. announced that it expects to receive ¥15 billion in funding from Sumitomo Mitsui Trust Bank, Limited, Investment Arm
June 03, 2016
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Tokyo TY Financial Group, Inc. (TSE:7173) announced a private placement of 750,000 first tranche class 1 preferred shares with new investor Sumitomo Mitsui Trust Bank, Limited, Investment Arm at ¥20,000 per share for gross proceeds of ¥15,000,000,000 on June 3, 2016. The investor will subscribe shares through third party allocation method. The company will incur expenses in form of registration and licensing taxes, preferred share value calculation fees, and legal fees of ¥62,800,000 and will receive net proceeds of ¥14,937,200,000. The payment date is June 24, 2016. The board of directors of the company approved the transaction.
Tokyo Kiraboshi Financial Group Inc is a Japan-based company mainly engaged in the provision of banking services, securities services, leasing services, consulting services, and fintech services. The Banking Business Segment is engaged in the main banking businesses, such as deposits, lending, trading of commodity securities, investment in securities, domestic exchange, foreign exchange, and trust services. The Leasing Business segment is engaged in the provision of leasing services as a finance-related business. The company is also engaged in consulting services, computer-related services, information provision services, credit card services, and system development services.
TOKYO KIRABOSHI FINANCIAL GROUP, INC. 