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BRIEF-Hotel Newgrand announces private placement of treasury stock
October 5, 2017 / 6:58 AM / in 14 days

BRIEF-Hotel Newgrand announces private placement of treasury stock

Oct 5(Reuters) - Hotel Newgrand Co Ltd

* Says it will distribute 38,000 shares of its treasury common stock at 2,999 yen per share through private placement to Sogo & Seibu Co., Ltd.

* Says it will raise 114 million yen in total through private placement

* Says placement date is Nov. 10

Source text in Japanese:goo.gl/bqu5jk

Further company coverage: (Beijing Headline News)

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