Kanamoto Sells Shares to Fund Rental Equipment

Kanamoto Co., Japan’s leading construction equipment rental company, will be offering shares at JY2,563 per share (about U.S. $26.30). The company hopes to raise about JY 3.4 billion (about U.S. $35.3 million). Kanamoto is offering 420,000 shares.

Kanamoto plans to use the funds as partial repayments for the acquisition of rental equipment.