March 6, 2018 / 6:25 AM / 6 months ago

BRIEF- RS Technologies to issue new shares

March 6(Reuters) - RS Technologies Co Ltd

* Says it will issue 1.2 million new shares through public offering

* Says it will issue 242,000 new shares through private placement, to SBI SECURITIES Co.,Ltd

* Proceeds to be mainly used for loan repayment and investment fund

* Says president of the company, who currently holds 52.3 percent voting power (direct voting power and indirect voting power included ) in the company will cut voting power in the company to 44.9 percent

Source text in Japanese:goo.gl/Z8CPi6

Further company coverage: (Beijing Headline News)

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