Brief: C'sMEN to issue shares to raise 486.9 mln yen via private placement

JN

23/02/2018 08:09

Feb 23 (Reuters) - C'sMEN Co Ltd   3083.T   
     
    * Says it will issue 1 million shares at the price of 475 
yen per 
share, to raise 486.9 million yen in total, via private 
placement to NCXX Group Inc  6634.T , Tokyo-based virtual 
currency firm, Osaka-based investment firm and two individuals   
    * Payment date on March 12  
    * Proceeds will be used for loan repayment and working 
capital  
    * Says NCXX Group Inc will decrease voting power in the 
company to 
13.8 percent from 19 percent 
    * Tokyo-based virtual currency firm will increase voting 
power in 
the company to 25.6 percent from 0 percent 
    * Osaka-based investment firm will increase voting power in 
the 
company to 19.5 percent from 0 percent  
 
    Source text in Japanese:https://goo.gl/WgScxU 
    Further company coverage: 3083.T  6634.T  
 
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