Mitsubishi to raise USD2 billion in 2014


(MENAFN) Mitsubishi Motors Corp has announced its plan of raising capital of about USD2 billion in a public share offering by the beginning of 2014, according to Oman Observer. The plan aims to re-paying the company's top shareholders for the 2004 bailout that supported the company in the last ten years. The second-tier Japanese automaker will be able to pay dividends for the first time in nearly ten years and a half after raising the capital, and meet the environmental challenges.


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