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Isuzu to cut capital to cancel preferred shares

TOKYO, Nov 18 (Reuters) - Japanese truck maker Isuzu Motors Ltd. said on Thursday that it planned to cut its capital by 60 billion yen ($576.6 million) to cancel 37.5 million preferred shares.

The cancellation is aimed at avoiding a future dilution of its shares, the company said in a statement.

Isuzu plans to seek approval for the measure at an extraordinary shareholders' meeting on Dec. 22, it said. ($1=104.05 yen)