Brief: Showa Denko - Expects Net Proceeds Of $995 Mln From Share Issuance

Resonac Holdings

23/08/2021 07:40

Aug 23 (Reuters) - Showa Denko KK  4004.T :
    * ANNOUNCEMENT REGARDING ISSUANCE OF NEW SHARES AND
SECONDARY
OFFERING OF SHARES
    * OFFERING 32,665,500 SHARES OF COMMON STOCK
    * EXPECTS NET PROCEEDS OF 109.35 BILLION YEN ($994.54 MLN)
FROM
JAPANESE PUBLIC OFFERING, INTERNATIONAL OFFERING AND THIRD-PARTY
ALLOTMENT
    * INTEND TO USE 5.9 BILLION YEN TO INVEST IN MANUFACTURING
FACILITIES FOR GASES FOR ELECTRONICS
    * INTEND TO USE 5.8 BILLION YEN TO INVEST IN MANUFACTURING
FACILITIES FOR SIC POWER CHIP-RELATED AND LITHIUM-ION BATTERY
MATERIALS

Source text for Eikon:  ID:nTStw77565 
Further company coverage:  4004.T 

($1 = 109.9500 yen)