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Japan's Mitsui OSK to invest $183 mln into Daiichi Chuo Kisen -Nikkei
November 29, 2012 / 11:37 PM / 5 years ago

Japan's Mitsui OSK to invest $183 mln into Daiichi Chuo Kisen -Nikkei

TOKYO, Nov 30 (Reuters) - Japan’s Mitsui O.S.K. Lines Ltd plans to buy 15 billion yen ($183 million) of preferred shares issued by Daiichi Chuo Kisen Kaisha to shore up the loss-making shipping firm’s capital, the Nikkei business daily said on Friday.

Mitsui O.S.K., Japan’s second-biggest shipping firm, is Daiichi Chuo Kisen’s top shareholder with a 26 percent stake, and had extended a 15 billion yen credit line to the shipper in October, the paper said. ($1 = 82.1550 Japanese yen) (Reporting by Tokyo Newsroom; Editing by John Mair)

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