Brief: Japan Hotel Reit Investment to issue new units for 35.49 bln yen via public offering and private placement

Japan Hotel REIT Investment

07/07/2016 07:31

July 7 (Reuters) - Japan Hotel Reit Investment Corp 
 8985.T :   
     
    * Says it resolved to issue 428,260 new units by way of 
domestic public offering(186,260 units) and the international 
offering(242,000 units) 
    * Says subscription period and payment date are not 
disclosed 
    * Says it resolved to issue 11,740 new units through private 
placement  
    * Says subscription on Aug. 22 and payment on Aug. 23 
    * Says it will raise up to 35.49 billion yen in total and 
the proceeds will be used for properties acquisition 
 
     
     
    Source text in Japanese:https://goo.gl/Rnhyrt 
    Further company coverage: 8985.T  
 
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