Mitsubishi Motors shares tumble 8 percent on fundraising report
TOKYO (Reuters) - Shares in Japanese carmaker Mitsubishi Motors Corp (7211.T) fell as much as 8.1 percent to 1,027 yen on Thursday, their lowest in more than a week, after a media report it plans to offer about 200 billion yen ($2 billion) in shares to the public.
The Nikkei newspaper said Mitsubishi would use the proceeds to buy back preferred shares it had issued to four group firms in exchange for capital infusions.
($1 = 99.9850 Japanese yen)
(Reporting by Dominic Lau; Editing by Paul Tait)
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