Brief: Digital Adventure to issue shares for 1.18 bln yen via private placement
12/08/2016 09:41
Aug 12 (Reuters) - Digital Adventure Inc 4772.T :
* Says it will issue 32 million shares at the price of 37
yen per share, or for 1.18 billion yen in total, through private
placement to S.M.ENTERTAINMENT JAPAN.
* Says payment date on Sep. 9
* Says S.M.ENTERTAINMENT JAPAN. is the unit of S.M.
Entertainment Co 041510.KQ
* Says S.M.ENTERTAINMENT JAPAN. will increase stake in the
co to 19.5 percent from 0 percent after acquisition
Source text in Japanese:https://goo.gl/VpxhDj
Further company coverage: 4772.T 041510.KQ
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