Pioneer share issue priced to raise up to $355 mln

Newswire

TOKYO, Feb 23 (Reuters) - Japanese electronics maker Pioneer Corp said it would raise up to 32.35 billion yen ($355 million) in a new share issue, securing funds to strengthen its auto electronics operations and improve profitability. Japan's Pioneer set the price of its new shares at 332 yen per share, a 4.05 percent discount to Tuesday's closing price. It plans to issue up to 92 million new shares overseas, 7.53 million shares to Mitsubishi Electric Corp and 1.8 million shares to ...

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