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Sunwood Corp Announces Business and Capital Alliance with Takara Leben CO LTD

Tuesday, 5 Nov 2013 01:10am EST 

Sunwood Corp announced that it has formed a business and capital alliance with Takara Leben CO LTD. Through the business alliance, the two companies will cooperate in new mansion development, sales, advertising and marketing. Through the capital alliance, Sunwood Corp will issue 1 million new shares of its common stock at the price of JPY 641 per share, for JPY 641 million in total, through a private placement to Takara Leben CO LTD. After this, Takara Leben CO LTD's voting rights in Sunwood Corp will be increased from 0% to 20.79%. 

Company Quote

-3.0 -0.49%
1:59am EDT