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Olympus says nothing decided on capital raising
December 19, 2011 / 5:20 AM / 6 years ago

Olympus says nothing decided on capital raising

TOKYO (Reuters) - Olympus Corp (7733.T), hit by a massive accounting scandal, said on Tuesday that it has not made any decisions on raising capital.

Olympus Corp's digital camera is seen through a show window which bears rain drops and reflects lights from traffic at an electronic shop in Tokyo December 6, 2011. REUTERS/Kim Kyung-Hoon

The camera and medical equipment maker is preparing to issue about $1.28 billion (100 billion yen) in new shares following the sharp downward revision of the group’s net assets, the Nikkei business daily reported earlier.

“Nothing specific has been decided,” Olympus spokesman Yoshiaki Yamada told Reuters.

Reporting by Nobuhiro Kubo; Editing by Chris Gallagher

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