Leonian Singapore Pte. Ltd. announced that it has received SGD 58 million in funding from Xebio Co., Ltd.
March 31, 2014 at 09:30 am IST
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Leonian Singapore Pte. Ltd. announced that it will receive SGD 58 million in an equity round of funding from existing investor Xebio Co., Ltd. on March 18, 2014. The investor will continue to hold 100% stake in the company after the transaction. The transaction is expected to close on March 31, 2014. The transaction was approved at the board of directors' meeting of the investor.
On March 31, 2014, Leonian Singapore Pte. Ltd. closed the transaction.
Xebio Holdings Co Ltd is a Japan-based company mainly engaged in the general retail business, primarily sporting goods and equipment and apparel. The sports business division operates large sporting goods specialty stores and golf specialty stores. It also offers casual apparel. The fashion apparel division includes the Next business, which has a tie-up with a British manufacturer and retailer and exclusively sells products designed by the Company in Japan, and the X'style and Rookie USA businesses, which develop their own fashion lineup. Other businesses include sports eyeglass and sunglass specialty stores, sports drug specialty stores, and fancy stationery and sundry specialty stores. The Company also operates sports marketing business, credit card business, website management business, marketing agency business, e-commerce (EC) business, overseas contact center business, and research and development (R&D) business.