Brief: Daido Kogyo to issue new shares and to distribute shares of treasury common stock

Daido Kogyo Co

02/07/2018 08:22

July 2 (Reuters) - Daido Kogyo Co Ltd  6373.T  
   
    * Says it plans to issue 1.3 million shares and distribute
10,000
shares of its treasury common stock via public offering
    * Says it plans to issue 190,000 shares via private
placement 
    * Says it plans to raise up to 2.02 billion yen in total
    * Proceeds will be used for investment and equipment fund 

    Source text in Japanese: https://goo.gl/X2cUvR
    Further company coverage: 6373.T 

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