Brief: Seiwa Electric Mfg. to issue and distribute shares to raise 593.1 mln yen

Seiwa Electric Mfg

16/02/2018 07:27

Feb 16 (Reuters) - Seiwa Electric Mfg. Co Ltd  6748.T   
     
    * Says it will issue 700,000 new shares and distribute 
200,000  
shares of its treasury common stock, via public offering  
    * Says it will issue 165,000 new shares via private 
placement, 
subscription date on March 27 and payment date on March 28 
    * Says it will aims to raise 593.1 million yen in total, to 
use 
for capital investment and loan repayment  
 
     
    Source text in Japanese:https://goo.gl/hvPPNp 
    Further company coverage: 6748.T  
 
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