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Union Tool Co., Ltd. has resolved to dispose of treasury stock and conduct a share offering to raise up to approximately 26.92 billion yen. Funds will be allocated to construction of the Nagaoka Sixth Plant (¥4.2 billion), expansion of cutting tool manufacturing equipment at the Mitsuke Plant (¥1.95 billion), and expansion of production equipment at the Nagaoka Plant (¥23.87 billion).
“Funds are planned to be allocated to capital expenditures including the construction of the Nagaoka Sixth Plant.”japanir.jp
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