DMG MORI announced that it will issue new shares in overseas markets to raise ¥48.2 billion. The proceeds will be used for capital investment and research and development at the Nagaoka and Poland plants, while potential future M&A and capital alliances are also under consideration.
DMG MORI will issue new shares in overseas markets, with the amount to be raised totaling approximately ¥48.2 billion, according to documents filed with the Kanto Local Finance Bureau. The offering comprises approximately 15 million shares, equivalent to approximately 11% of shares outstanding. The payment date is scheduled for the 27th, while the offering price is expected to be set as early as the 12th.
The stated uses of the funds include capital investment and research and development at the Nagaoka and Poland plants. Over the longer term, the company will continue to consider potential M&A and capital alliances with a view to business restructuring opportunities. Reserving part of the funds for M&A is also one of the objectives.