Will Smart Completes ¥449,971,200 Share Placement, Names Zenrin and Senyo Kogyo
The company completed payment on June 1 for a 669,600-share third-party allotment at ¥672 a share, raising ¥449,971,200 and lifting stated capital and capital reserve by ¥224,985,600 each. Zenrin took 520,800 shares and Senyo Kogyo 148,800, and a related same-day notice reset several stock-option exercise prices lower because the placement price sat below existing strikes.