Sumco to raise $186M from from bank-led fund -source

Sumco is in final talks with a turnaround fund backed by Japan's major banks to raise 15 billion yen or $186 million by issuing preferred shares.

The investment, the source said, would be part of a 45 billion-yen capital raising previously announced by Sumco, the world's second-largest producer of silicon semiconductor wafers.

The fund, Japan Industrial Solutions, was established in 2010. Its major shareholders include Bank of Tokyo-Mitsubishi UFJ, Mizuho Corporate Bank and Sumitomo Mitsui Banking Corp

For the source of this story, click here.

Also Read

SGX, Thomson Reuters unveil bond indices for benchmarking investment performance

AXA Real Estate raises ¥26b at launch of 2nd Japanese debt investment vehicle

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit