eMobile Completes Additional Equity Financing
eMobile Completes Additional Equity Financing

eMobile Completes Additional Equity Financing

eMobile Completes Additional Equity Financing

eMobile, a subsidiary of eAccess Ltd., announced today it has successfully completed another round of equity financing with an additional 27.3 billion yen new capital. Following this transaction, the total paid-in capital (capital shares and capital reserve) of eMobile will reach 143.2 billion yen (capital shares: 71.75 billion yen), and eAccess’ ownership in eMobile will be 46.2%. Together with the recent announcement of the project finance transaction of 220 billion yen, eMobile has secured a combined equity and debt capital of over 360 billion yen. The total capital raised should fully satisfy the funding requirement of eMobile’s business plan, according to a company statement released today.

Temasek Holdings Pte Ltd., an Asia investment company headquartered in Singapore, is the lead investor in this round of equity financing. Temasek has invested 12.0 billion yen in eMobile for an equity stake of around 7%, making it the third-largest shareholder in eMobile after eAccess and Goldman Sachs Group. Established in 1974, it currently manages a diversified global portfolio of S$103 billion (approximately 7 trillion yen).

Details, in English, available here [.pdf]