Transportation, Trucking and Railroad Industry News Sample

Jun 19, 2002 20:40:42

JAPAN RAILWAY: Shares Almost Sold Out

JAPAN (SunStream News) -- East Japan Railway Co (JR East) shares available through a third offering of government-held shares in the privatized railroad operator, which began Tuesday, have almost sold out, the Japan Today reported. Few shares remain for sale as tentative bookings were built up in the process of determining the selling price of JR East shares based on demand from investors. Yesterday, the M&A Reporter Asia Pacific reported that the public organization settling accounts, the JNR Settlement Headquarters of Japan Railway Construction and Public Corp, for the defunct Japanese National Railways (JNR) would sell all remaining government-held shares in JR East for 532,000 yen each.

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Source: M&A Reporter - Asia Pacific

Publication Date: 2002-06-20

 

NWS:	TNM

COY:	9020.BE

IND:	TRN

GEO:	a-ja

 

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