Brief: Daido Metal to issue and distribute shares to raise up to 8.88 bln yen

Daido Metal Co

22/08/2018 08:11

Aug 22 (Reuters) - Daido Metal Co Ltd  7245.T  
    
    * Says it will issue 1.6 million shares via public offering
and 1
million shares via private placement 
    * Says it will distribute 5.1 million shares of its treasury
common stock through public offering 
    * Says it aims to raise up to 8.88 billion yen in total, to
invest
unit and equipments as well as repay loans 

    
    Source text in Japanese:https://goo.gl/TJZt1S
    Further company coverage: 7245.T 

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