WWJ Editors, 31 May
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.

Original Source: Wireless Watch Japan