UPDATE 1-Suzuki to sell $263 mln own shares to 5 shareholders

Newswire

(Adds details, background) TOKYO, Jan 30 (Reuters) - Japan's Suzuki Motor Corp. said on Tuesday it will sell 9.59 million of its own shares, or 32 billion yen ($263 million) worth, to Nippon Steel Corp. and four other shareholders to strengthen ties with them. The shares will be sold at 3,338 yen each, or a 3.5 percent discount to Tuesday's closing price of 3,460 yen. A year ago, the stock was valued at 2,385 yen. The proceeds will be used for investment and loans to affiliated ...

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