Hitachi raises revenue via rights issue
The Leading global electronics, Hitachi Ltd. said Tuesday, Hitachi Koki Co Ltd will be Hitachi’s consolidated subsidiary as common stocks with shares of 12,473,000 to be purchase, by obtaining a majority of voting rights.
The Company said, the tender offer was commenced on January 26, 2009 and was ended on March 9, 2009, 371 and expects its change of subsidiary will have negligible impact on the Hitachi’s consolidated business results for the fiscal year ending on March 31, 2009,
In addition, Share ownership prior to purchase 28,286,119 shares and Share ownership after purchase 40,759,119 shares, and has decided to purchase additional common shares of Hitachi Kokusai Electric Inc, which currently holds 37.98% of the shares.
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