Tokai Holdings Corp. of Japan is buying a chunk of Repower Energy Development Corp. shares on offer in its initial public offering as an anchor investor.
“We are pleased [with] Tokai’s commitment to participate in our IPO as this is a testament to the market’s growing interest in our company,” said REDC President Eric Peter Y. Roxas in a statement. Tokai is involved in various sectors, such as gas, solar power, and real estate. It has annual revenues of 180 billion yen, has 39 consolidated subsidiaries and 10 affiliates with investments across retail, commercial and industrial markets.
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