Brief: RS Technologies to issue new shares

RS Technologies

06/03/2018 06:25

March 6(Reuters) - RS Technologies Co Ltd  3445.T 
    
    * Says it will issue 1.2 million new shares through public
offering
    * Says it will issue 242,000 new shares through private
placement,
to SBI SECURITIES Co.,Ltd
    * Proceeds to be mainly used for loan repayment and
investment
fund 
    * Says president of the company, who currently holds 52.3
percent
voting power (direct voting power and indirect voting power
included ) in the company will cut voting power in the company
to 44.9 percent

    
    
    Source text in Japanese:https://goo.gl/Z8CPi6
    Further company coverage: 3445.T 

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