Date: 2013-08-01

Jtekt To Raise Up To Y19.3bn Via Share Sales

Jtekt Corp. (6473) said Friday it will raise up to 19.3 billion yen through share sales, including a public offering of new shares and a third-party allotment to Toyota Motor Corp. (7203).

The proceeds will be used to repay loans related to its purchase of the needle bearing operations of Timken Co. of the U.S.

Jtekt will issue up to 21.3 million new shares, of which Toyota will buy 4.8 million shares. Toyota's stake in the bearing maker is expected to remain at 22.54%, even if the maximum number of shares is issued.

Previous: Simrit and Kl
Next: German Machinery Orders up 36 Percent in April

Hot Products:

Product Model	Inside Diameter	Outside Diameter	Thickness
6832ZZ KOYO	160	200	20
6230ZZX KOYO	150	270	45

【TradeBearings News Statement】

1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"TradeBearings".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.