February 19, 2018 / 10:19 AM / 3 months ago

BRIEF-Albis to issue and distribute shares to raise up to 5.87 bln yen

Feb 19 (Reuters) - Albis Co Ltd

* Says it will issue 593,200 shares and distribute 498,100 shares via public offering

* Says it will issue 593,200 shares via private placement to Mitsubishi Corporation and issue 163,600 shares via private placement to SMBC Nikko Securities Inc.

* Says it aims to raise up to 5.87 billion yen in total, to use for capital expenditure and loan repayment

Source text in Japanese:goo.gl/VjkD6f

Further company coverage: (Beijing Headline News)

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