Brief: Ascot to raise 9 bln yen via private placement to fund real estate business

Ascot

15/03/2017 09:13

March 15 (Reuters) - Ascot Corp   3264.T :  
     
     
    * Says the co will raise 9 billion yen via private placement 
to Hongkong-based firm Sun Ye Company Limited, to fund real 
estate business 
    * Says Sun Ye Company Limited will raise stake in the co to 
59.9 percent from 0 percent after the private placement 
    * Says payment date on April 25 
     
     
    Source text in Japanese:https://goo.gl/7kGxhS 
    Further company coverage: 3264.T  
 
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