Brief: Tay Two says private placement of treasury stock

Tay Two Co

14/04/2017 07:40

April 13 (Reuters) - Tay Two Co Ltd  7610.T  
     
     
    * Says it will distribute 1.8 million shares of its treasury 
common stock at 55 yen per share through private placement to a 
Fukuoka-based company, YAK corporation  
    * Says it will raise 100 million yen in total through 
private placement 
    * Says placement date is May 1 
    * Proceeds is used for investment of stores  
    * Say top shareholder YAK corporation will increase voting 
power of the company to 21.9 percent (11.5 million shares), from 
19.1 percent (9.6 million shares) 
     
    Source text in Japanese:https://goo.gl/nFS52G 
    Further company coverage: 7610.T  
 
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