February 16, 2018 / 7:31 AM / 3 months ago

BRIEF-Seiwa Electric Mfg. to issue and distribute shares to raise 593.1 mln yen

Feb 16 (Reuters) - Seiwa Electric Mfg. Co Ltd

* 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:goo.gl/hvPPNp

Further company coverage: (Beijing Headline News)

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