Toyota Tsusho to raise $685 mln via new share issue

Newswire

TOKYO, Oct 31 (Reuters) - Toyota Tsusho Corp. , a Toyota Motor Corp. affiliate trading house, said on Tuesday it would raise up to $685 million through a new share issue to invest in facilities and operations. Toyota Tsusho, currently owned nearly 23 percent by the auto maker, will issue 19.5 million new shares on the market and another 5.39 million shares to Toyota Motor. It may also offer 1.95 million additional shares if demand is strong. The 80.45 billion yen ($685.2 million) ...

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