UPDATE 1-Toyota Tsusho to raise $685 mln via new share issue

Newswire

(Adds details, share price) 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 will issue 19.5 million new shares on the market and another 5.39 million shares to Toyota Motor, whose stake in the trading house will fall slightly to 21.5 percent after the share issue. Toyota Tsusho may offer 1.95 million additional ...

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