Wood Friends Co.,Ltd. announced that it has received ¥29.99 million in funding from Chiyoda Ute Co., Ltd.
May 01, 2013 at 09:30 am IST
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Wood Friends Co.,Ltd. (JASDAQ:8886) announced a private placement of 120 treasury shares at ¥249,900 per share with Chiyoda Ute Co., Ltd. for gross proceeds of ¥29,988,000 on April 15, 2013. The company will receive the net proceeds of ¥29,288,000. The company will issue shares through third party allotment. The application date for the transaction is April 16, 2013. The disposal date for the transaction is May 1, 2013. The company will pay issuance expenses of ¥700,000 in the transaction. The transaction was approved at the company's board of directors' meeting.
On May 1, 2013, Wood Friends Co.,Ltd. closed the transaction.
WOOD FRIENDS CO., Ltd. is a company mainly engaged in the real estate-related businesses. Along with its subsidiaries, the Company operates in three segments. The Housing segment is engaged in the planning, design, construction and sale of detached housing; the provision of architectural and construction services for custom-built houses, as well as the renovation and sale of pre-owned real estate. The Asset Management (AM) segment is engaged in the operation of facilities related to designated management business. The City segment is engaged in the development, leasing operation and building maintenance of real estate. The other business provides lifestyle-related services and advertising services.