December 26, 2017 / 7:33 AM / 24 days ago

BRIEF-Nagawa says private placement of treasury stock

Dec 26 (Reuters) - Nagawa Co Ltd

* Says it plans to distribute 193,600 shares of its treasury common stock at 4,870 yen per share through private placement, to Sumitomo Realty & Development Co., Ltd., Yokogawa Bridge Holdings Corp and Maruzen Showa Unyu Co., Ltd.

* Says it plans to raise 942.8 million yen in total

* Proceeds will be used to replenish working capital

Source text in Japanese: goo.gl/Neii9J

Further company coverage: (Beijing Headline News)

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