Brief: Shinden Hightex says new shares issuance and shareholding structure change
20/11/2017 07:00
Nov 20 (Reuters) - Shinden Hightex Corp 3131.T
* Says co plans to issue 200,000 new shares and distribute
190,000
shares via public offering
* Says co plans to issue 69,000 new shares to SMBC Nikko
Securities Inc via private placement
* Says co aims to raise up to 1.77 billion yen in total and
proceeds will be used for loan repayment
* Says co's current top shareholder will cut voting power in
the
co to 7.6 percent from 12.5 percent and will become the second
biggest shareholder of the co
Source text in Japanese: https://goo.gl/xGuKE5
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