Kansai Electric to raise up to $3.3 billion including issue of new shares

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TOKYO :Japanese utility Kansai Electric Power plans to raise 504.9 billion yen ($3.3 billion), which includes a public offering of about 148 million new shares, it said on Wednesday.

The pricing of the new shares will be determined between Nov.

Any remaining funds by end-March 2028 would be used to repay loans.

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Article Details

Category: EconomyBusiness

Markets: SingaporeJapan

Topics: Other Power Funds Includes Shares Plans Kansai Billion Energy Raise Electric

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-13 @ 15:18:30 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 223 words

Reading Time: 2 minutes read

Sentences: 11 lines

Sentence Length: 21 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 23568448

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