Brief: Okada Aiyon to issue new shares to raise up to 1.75 bln yen

Okada Aiyon

02/03/2018 07:00

March 2 (Reuters) - Okada Aiyon Corp  6294.T  
   
    * Says it plans to issue 1 million shares of its common
stock via
public offering
    * Says it plans to issue 150,000 shares of its common stock
to
SMBC NIKKO SECURITIES INC via private placement, with
subscription date on March 26 and payment date on March 27
    * Says it plans to raise up to 1.75 billion yen in total
    * Proceed will be used for loans repayment and equipment
fund

    Source text in Japanese: https://goo.gl/3imz19
    Further company coverage: 6294.T 

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