JFE Holdings board to discuss $1.4 bln fundraising on Tuesday
05/09/2023 01:28
TOKYO, Sept 5 (Reuters) - Japanese steel giant JFE
Holdings 5411.T said on Tuesday its board will discuss a
fundraising plan totalling 200 billion yen ($1.36 billion) later
in the day, following a Nikkei report.
The Nikkei newspaper said earlier that JFE, Japan's
second-largest steelmaker by output, will seek to raise 100-120
billion yen through a public share offering and another 90
billion yen by offering a five-year convertible bond to
international investors in September.
JFE shares fell about 8% at the start of Tuesday's Tokyo
market trading.
($1 = 146.5500 yen)
(Reporting by Kantaro Komiya; Editing by Muralikumar
Anantharaman)
((Kantaro.Komiya@thomsonreuters.com; Twitter: @kantarokomiya;))
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