Mazda hopes to raise $2.9 billion through share sale, loan
China Daily | Updated: 2012-02-23 07:58
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Mazda Motor Corp said on Wednesday that it may sell 1.22 billion new shares for as much as 162.8 billion yen ($2.03 billion) and borrow 70 billion yen from banks. The announcement comes less than a month after Mazda President Takashi Yamanouchi told reporters in Tokyo that repairing the company's capital "is a must". Haruyoshi Yamaguchi / Bloomberg |
TOKYO - Mazda Motor Corp, Japan's least profitable major carmaker, plans to raise as much as 232.8 billion yen ($2.9 billion) selling stock and taking out a loan after the company forecast its biggest annual loss in 11 years.
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