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Best Denki Co Ltd Announces Completion of New Shares Issuance to Yamada Denki Co Ltd

Thursday, 13 Dec 2012 01:00am EST 

Best Denki Co Ltd announced that it has completed the issue of 80,265,500 new shares of its common stock at the price of JPY 151 per share or JPY 12,120,090,500 in total, to Yamada Denki Co Ltd through a private placement, effective December 13, 2012. As a result, Yamada Denki has become parent company of Best Denki with 51.16% voting rights, up from 7.49%, effective December 13, 2012. 

Company Quote

9.0 +2.31%
21 Nov 2014