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BRIEF-Vitec Holdings says private placement of 150,000 treasury stock for 207 mln yen
February 24, 2017 / 8:02 AM / 9 months ago

BRIEF-Vitec Holdings says private placement of 150,000 treasury stock for 207 mln yen

Feb 24 (Reuters) - Vitec Holdings Co Ltd:

* Says it will distribute 150,000 shares of its treasury common stock at 1,380 yen per share through private placement to Ryonetsu Kogyou Co Ltd

* Says it will raise 207 million yen in total through private placement

* Says placement date is March 15

* Proceeds to be used to buy 4.5 percent stake in Ryonetsu Kogyou Co Ltd and enrich operating funds

Source text in Japanese: goo.gl/o3wP7q

Further company coverage: (Beijing Headline News)

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