Brief: V-cube says business and capital alliance with investment limited liability partnership

V-cube

12/12/2017 08:58

Dec 12 (Reuters) - V-cube Inc  3681.T   
    
    * Says co plans to sign business and capital alliance 
agreement 
with an investment limited liability partnership on Dec. 12 
    * Through capital alliance, co will issue 3 million shares 
of co's 
common stock to the investment limited liability partnership to 
raise 1.5 billion yen in total via private placement, with 
payment date on Dec. 28  
    * Proceeds will be used for software development, loan 
repayment 
and working capital 
    * Says the investment limited liability partnership will 
raise 
voting power in the co to 12.4 percent from 0 percent on Dec. 28 
and become co's third biggest shareholder 
    * Through business alliance, the investment limited 
liability partnership will use know-how in co's   performance 
improvement and place management personnel in the co 
 
    Source text in Japanese: https://goo.gl/Epur2m 
    Further company coverage: 3681.T  
 
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