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(Update) Seibu Holdings to Raise 80 B. Yen in Fresh Capital

(Update) Seibu Holdings to Raise 80 B. Yen in Fresh Capital

   Tokyo, Oct. 15 (Jiji Press)--Seibu Holdings Inc. <9024> is in talks to procure 80 billion yen in fresh capital from Mizuho Bank and the government-linked Development Bank of Japan, it was learned Thursday.
   The Japanese railway and hotel business operator has asked for the assistance in order to improve the financial base of its group, with the group's earnings deteriorating sharply due to the fallout from the novel coronavirus epidemic, informed sources said.

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AFP-JIJI PRESS NEWS JOURNAL


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