Pioneer Corp (6773.T)

6773.T on Tokyo Stock Exchange

18 Oct 2018
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¥-2 (-1.79%)
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Wed, Sep 12 2018


Japan's Pioneer gets $540 million lifeline from Baring as debt deadline looms

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.

UPDATE 3-Japan's Pioneer gets $540 mln lifeline from Baring as debt deadline looms

* Shares slide 9.3 pct on worries about dilution and firm's future

CORRECTED-Nikkei drops as chip stocks, tool makers sold, Pioneer volatile

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.

Pioneer secures $540 mln in funding from HK's Baring Private Equity

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).

Trading in Pioneer Corp shares suspended temporarily - TSE

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)

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