JINUSHI Co.,Ltd. (JP:3252) has released an update.
JINUSHI Co., Ltd. has announced a capital increase through the issuance of 418,600 new shares, resulting in a total capital boost of 870,085,216 yen. The funds raised, which are expected to reach an estimated total of 8,236,775,184 yen, will be used entirely for purchasing new development land for the company’s Real Estate Investment Business by the end of December 2024. This move is anticipated to enhance the company’s profitable growth in the real estate sector.
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