Brief: Miyakoshi Holdings plans new shares issuance; shareholding structure change
24/11/2016 06:14
Nov 24 (Reuters) - Miyakoshi Holdings Inc 6620.T :
* Says it plans to issue 3.9 million new shares worth
totaling 1.85 billion yen in private placement to Pacific State
Holdings Limited, on Dec. 12
* Says Pacific State Holdings will pay for the new shares
via DES
* Co's top shareholder Crown United's stake in co will be
diluted to 17.06 percent down from 21.33 percent and to become
the second major shareholder
* Pacific State Holdings Ltd will hold 19.99 percent stake
in co and to be the top shareholder after the transaction
* Shareholding structure change to occur on Dec. 12
Source text in Japanese: https://goo.gl/TYsKTz
Further company coverage: 6620.T
(Beijing Headline News)
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