Brief: Forside to issue new shares and unit to start new business

Forside Co

27/12/2017 07:02

Dec 27(Reuters) - Forside Co Ltd  2330.T  
     
    * Says its wholly owned unit will start FinTech related 
business 
from Jan. 31, 2018 
    * Says it will issue 2 million new shares through private 
placement to Eastmore Strategies Limited, at the price of 275 
yen per share (550 million yen in total), with payment date on 
Jan. 19, 2018 
    * Proceeds to be mainly used for machine purchase cost and 
setup 
cost  
    * Says its unit will acquire fixed assets for 564 million 
yen in 
total, and transaction date on March 31, 2018 
 
     
     
    Source text in Japanese:https://goo.gl/5LQgdw 
    Further company coverage: 2330.T  
 
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