Adds particulars TOKYO, Nov 18 (Reuters) - Japan Airways Co
Adds particulars
TOKYO, Nov 18 (Reuters) – Japan Airways Co Ltd 9201.T on Wednesday mentioned it has raised 183 billion yen ($1.eight billion) in a share sale which was aimed toward strengthening its funds amid the coronavirus pandemic.
The airline was in a position to elevate extra funds than it had deliberate because the share worth rose on the information of the coronavirus vaccine. Japan Airways had mentioned earlier it will elevate as much as as much as 168 billion yen from the share sale.
Japan Airways priced the shares at 1,916 yen, 3% decrease than the shut of Wednesday, giving traders the smallest low cost of the vary between 3% and 6%.
The shares rose 7% because the day earlier than the share sale was introduced on Nov. 6.
Airways across the globe are struggling to experience out a
pandemic that has solid a darkish shadow throughout the worldwide journey
trade. Though Japan hasn’t been hit as arduous because the United
States and Europe, its journey trade is struggling.
($1 = 103.8600 yen)
(Reporting by Junko Fujita; Modifying by Tom Hogue and Louise Heavens)
((813-4563-2711, [email protected], Reuters Messaging:[email protected];))
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.