Pioneer Corp (6773.T)
18 Oct 2018
Wed, Sep 12 2018
TOKYO Japan's Pioneer Corp secured a bailout worth up to 60 billion yen ($540 million) from Baring Private Equity Asia, after failed bets on car navigation and audio systems saddled it with debt and pushed it into the red.
* Shares slide 9.3 pct on worries about dilution and firm's future
TOKYO, Sept 12 Japan's Nikkei fell on Wednesday as chip-related stocks tracked weakness in their U.S. counterparts overnight and as machine tool makers weakened after downbeat industry data.
TOKYO, Sept 12 Japan's struggling Pioneer Corp on Wednesday said it had secured up to 60 billion yen ($540 million) in funding from Hong Kong-based fund manager Baring Private Equity Asia (BPEA).
TOKYO, Sept 12 Trading in Japan's Pioneer Corp shares was suspended temporarily on Wednesday following a media report that the firm plans to issue new shares, the Tokyo Stock Exchange said. (Reporting by Hideyuki Sano Editing by Paul Tait)