萩原工業 announced a capital and business alliance with Development Bank of Japan (DBJ), and will raise approximately ¥900 million through a disposal of treasury shares allotted to DBJ. The payment date is 30 September, and the proceeds will be used to strengthen its overseas production capabilities.
萩原工業 announced that it had entered into a capital and business alliance with Development Bank of Japan (DBJ). In connection with this, it will dispose of treasury shares through a third-party allotment to DBJ.
The company will dispose of 486,600 shares at ¥1,863 per share, resulting in approximate net proceeds of ¥904.5358 million. The payment date is 30 September.
The proceeds are expected to be used to strengthen the company’s overseas production capabilities. Following the disposal, DBJ is expected to hold 3.32% of the voting rights. DBJ will support the enhancement of the company’s financial and business strategies, among other areas.