March 6, 2018 / 6:15 AM / 4 months ago

BRIEF-Shirohato issues 1.7 mln shares through private placement

March 6(Reuters) - Shirohato Co Ltd

* Says it issued 1.7 million shares through private placement to Odakyu Electric Railway Co., Ltd., at the price of 748 yen per share, and raised 1.27 billion yen in total

* Payment date on March 6

* Says its second biggest shareholder’s voting power in the company was diluted to 8.2 percent from 11.3 percent, effective March 6

Source text in Japanese:goo.gl/zbRVm5

Further company coverage: (Beijing Headline News)

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