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7 months ago
BRIEF-Michinoku Bank announces private placement of treasury stock and share issue for 7.21 bln yen
January 6, 2017 / 6:52 AM / 7 months ago

BRIEF-Michinoku Bank announces private placement of treasury stock and share issue for 7.21 bln yen

Jan 6 (Reuters) - Michinoku Bank Ltd :

* Says the co to distribute 4.6 million shares of its treasury common stock through private placement to SMBC Nikko Securities Inc.

* Says the co to issue 30.4 million shares via public offering

* Says the co will raise 7.21 billion yen in total to fund working capital

Source text in Japanese:rrd.me/bgdbs

Further company coverage: (Beijing Headline News)

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