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Chiyoda Ute Co Ltd to Issue New Shares through Private Placement; Announces Change of Shareholding Structure


Friday, 9 Aug 2013 02:10am EDT 

Chiyoda Ute Co Ltd announced that it has decided to issue 1,350,000 shares of its common stock, at the price of JPY 650 per share, or for JPY 877,500,000 in total, through a private placement to Knauf International GmbH, on August 27, 2013. The Company will use the proceeds to pay back loans. After this, Knauf International GmbH's stake in the Company will be raised from 22.25% to 29.03%. 

Company Quote

487.0
-13.0 -2.60%
26 Sep 2014