TOKYO: Mitsubishi Motors Corp plans to raise around US$2bil in a public share offering as early as January to pay back top shareholders for a 2004 bailout that enabled its decade-long turnaround, sources familiar with the matter said on Saturday.
The capital raising will also allow the second tier Japanese automaker to pay dividends for the first time in nearly a decade and a half.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
