Furniture Vender: Otsuka Kagu and Shares

furniture vender: They will also explore the possibility of working together on sales to corporate customers. ; Otsuka Kagu will also raise some 3.8 billion in fresh capital by issuing new shares to third parties, including an investment fund, according to The Japan Times. The struggling furniture vender will sell 13.11 million new shares for 290.11 apiece, with payment set for between March 4 and June 30. The two companies will provide each other with know-how on selling furniture and home appliances while cooperating on human resources development, Otsuka Kagu said. On the Tokyo Stock Exchange's Jasdaq market for startups on Thursday, the company's shares closed at 460. The decision to receive an injection of outside capital came because its cash flow has dropped sharply from sluggish sales. Otsuka Kagu will use the proceeds to promote warehouse automation and store changes designed to reinforce its e-commerce operations. (news.financializer.com). As reported in the news.