DRC To Invest In Climbing Goods Shops

Kojitu Co., Ltd., an Jasdaq-listed climbing goods store operator, announced that it will issue shares to DRC Ⅱ, an Tokyo-based investment firm and Pentaland Group Inc., an UK-based company owning 15 brands of sports and leisure apparel, footwear and sporting goods. Kojitu, using proceeds of about 500 million yen, plans to pay the debt. DRC Ⅱ Fund will becomes the second largest shareholder (16.83%) while Pentland will become a minor one (3.30%).