Zensho Holdings Co (JP:7550) has released an update.
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Zensho Holdings Co., Ltd. has announced a fundraising initiative of 10.0 billion yen through a subordinated loan to reinforce its financial base and support sustainable growth. The loan, featuring equity-like properties, is intended for general business and growth investments, with a 50% capital recognition expected from Japan Credit Rating Agency, Ltd. This financial maneuver aims to aid Zensho in becoming the top global food service company without diluting shareholder equity.
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