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Flight System Consulting Inc to Issue New Shares and Announces Changes in Shareholding Structure

Wednesday, 6 Mar 2013 01:20am EST 

Flight System Consulting Inc announced that it has decided to issue 45,600 shares of common stock, at the price of JPY 11,640 per share (JPY 530,784,000 in total), through private placement to a Japan-based company on March 22, 2013. As a result, the Japan-based company will hold a 54.3% stake (45,600 voting rights) in the company and become the top shareholder, and its former top shareholder Oak Capital Corp will hold a 25.9% stake (21,697 voting rights) down from a 56.6% stake (21,697 voting rights) and become the second largest shareholder, effective March 22, 2013. The Company's former second largest shareholder, an individual, will hold a 2.77% stake, down from a 6.06% stake, effective March 22, 2013. 

Company Quote

-10.0 -1.40%
19 Dec 2014