Kokusan Denki to obtain JPY 5 billion through third party allotment  [ Japan ]

Kokusan Denki Co., Ltd. announced its plan to increase its capital by JPY 499,872,000 through a third party allotment. The 1,968,000 new shares will be allotted to Mahle Japan Ltd., the largest shareholder of Kokusan Denki. Approximately JPY 160 million will be appropriated for capital investment in its Thai subsidiary, scheduled to be established in April. The remaining approximately JPY 333 m...
<Feb 18, 2014>