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Japan's Bic Camera to be listed on TSE

Fri May 16, 2008 3:37am EDT

TOKYO, May 16 (Reuters) - Japanese electronics retailer Bic Camera Inc 3048.Q said on Friday it would be listed on the Tokyo stock exchange on June 10.

The firm also said it planned to raise up to 14.7 billion yen ($140.5 million) by issuing new shares to finance capital expenditure and boost operating capital.

The firm said the TSE had not decided whether the shares will be listed on the first or second section.

Bic Camera said it would initially keep its shares traded on the Jasdaq startup market after the TSE debut. ($1=104.64 yen) (Reporting by Taiga Uranaka)



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