Brief: Tanaka Chemical plans private placement to Sumitomo Chemical Co Ltd; shareholding structure changes

Tanaka Chemical

31/08/2016 07:53

Aug 31 (Reuters) - Tanaka Chemical Corp  4080.T  : 
     
    * Says it plans to issue 10.5 million new shares via private 
placement to Sumitomo Chemical Co Ltd  4005.T , to raise 6.57 
billion yuan in total on Oct. 31 
    * Says Sumitomo Chemical Co Ltd, co's current top 
shareholder to raise stake in co to 50.10 percent up from 14.82 
percent, and will still be the top shareholder after private 
placement 
     
    Source text in Japanese: https://goo.gl/WZS5SU 
    Further company coverage: 4080.T  
 
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