Nippon Yusen says to raise up to 142.5 bln yen

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TOKYO | Wed Nov 11, 2009 10:05pm EST

TOKYO Nov 12 (Reuters) - Nippon Yusen KK (9101.T), Japan's biggest shipping company, said it would raise up to 142.5 billion yen ($1.6 billion) through a public share offering.

It will issue 427 million new shares.

(Reporting by Yuko Inoue)

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