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BRIEF- Sawai Pharmaceutical to issue new shares and to distribute treasury common stock
November 27, 2017 / 6:40 AM / 17 days ago

BRIEF- Sawai Pharmaceutical to issue new shares and to distribute treasury common stock

Nov 27(Reuters) - Sawai Pharmaceutical Co Ltd

* Says it plans to issue 5 million new shares and to distribute 1 million shares of its treasury common stock through public offering

* Says it plans to issue 900,000 new shares through private placement to SMBC Nikko Securities Inc., with subscription date on Dec. 25 and payment date on Dec. 26

* Proceeds to be used for loan repayment

Source text in Japanese:goo.gl/m5eaDJ

Further company coverage: (Beijing Headline News)

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