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Totoku Electric Co., Ltd. Completes Share Issuance; Announced Changes in Shareholding Structure
Totoku Electric Co., Ltd. announced that it has completed to issue 23,809,524 new shares of its common stock at the price of JPY 84 per share, or JPY 2,000,000,016 in total, through private placement, to Furukawa Electric Co., Ltd., which is engaged in the manufacturing and sale of electric line and nonferrous metals products in Tokyo, Japan, on March 28, 2012. As a result, Furukawa Electric will become the parent company of Totoku Electric, holding 56.75% voting rights (38,472 voting rights) in Totoku Electric, up from 33.33% (14,662 voting rights).
Latest Developments for Totoku Electric Co Ltd
- Totoku Electric Co Ltd Announces Extraordinary Loss for Q1 of FY 2014
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- Totoku Electric Co Ltd Announced the Outcome Of Early Retirement Program, Announces Extraordinary Loss for FY 2013
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