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SYLA Technologies Announces Notice of Subscription to CUMICA CORPORATION’s Third-Party Allotment of New Shares

GlobeNewswire LogoGlobeNewswire10h ago

SYLA Technologies Announces Notice of Subscription to CUMICA CORPORATION’s Third-Party Allotment of New Shares - GlobeNewswire

Quick Summary:

Major Shareholders and Voting Rights Ratio of CUMICA after the Subscription Before subscriptionAfter subscriptionSYLA Technologies Co., Ltd.20.98%SYLA Technologies Co., Ltd.30.63%The Musashino Bank, Ltd.2.93%The Musashino Bank, Ltd.2.57%The Tokyo Higashi Shinkin Bank1.89%The Tokyo Higashi Shinkin Bank1.66%JPMorgan Securities Japan Co., Ltd.1.12%JPMorgan Securities Japan Co., Ltd.0.98%Koeikai Stock Ownership Association0.96%Koeikai Stock Ownership Association0.84%Tadashi Konuma0.78%Tadashi Konuma0.69%Akie Konuma0.74%Akie Konuma0.65%Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. 0.74%Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. 0.65%Tadao Imai0.68%Tadao Imai0.59%BNYM SA/NV FOR BNYM FOR BNY GCM CLIENT ACCOUNTS M LSCB RD0.51%BNYM SA/NV FOR BNYM FOR BNY GCM CLIENT ACCOUNTS M LSCB RD0.45% (Note) 1.

TOKYO, Aug.07, 2024 (GLOBE NEWSWIRE) -- SYLA Technologies Co., Ltd.(NASDAQ: SYT) ("SYLA” or "the Company”), operator of the largest membership real estate crowd-funding platform in Japan, Rimawari-kun, announced that its Board of Directors has resolved on August 7, 2024, to subscribe to a third-party allotment of shares (the Third-Party Allotment), as announced by CUMICA in the "Notice Regarding Issuance of New Shares through Third-Party Allotment.” 1.

Outline of the Issuance (1) Type and number of shares to be offered1,470,500 shares of CUMICA’s common stock(2) Issue price408 yen per share(3) Total amount of issue price599,964,600 yen(4) Capital and capital reserve to be increasedCapital: 299,982,000 yenCapital reserve: 299,982,000 yen(5) Application deadlineAugust 28, 2024(6) Payment dateAugust 28, 2024(7) Method of offering or allotmentThird-party allotment(8) Allottee and number of shares to be allottedSYLA Technologies Co., Ltd.1,470,500 shares(9) OthersEach of the above items shall be subject to the effectiveness of the securities registration statement in accordance with the Financial Securities and Exchange Law.   6.

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Article Details

Author / Journalist: SYLA Technologies Co., Ltd.

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-07 @ 13:00:00 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 1011 words

Reading Time: 6 minutes read

Sentences: 30 lines

Sentence Length: 34 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © GlobeNewswire

News ID: 21970291

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