Reuters: Global Markets: Mitsubishi Motors shares tumble 8 percent on fundraising report

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Mitsubishi Motors shares tumble 8 percent on fundraising report Sep 12th 2013, 00:23 Tweet Share this Email Print Related Topics Hot Stocks » Asian Markets » Passers-by are reflected on the logo of a Mitsubishi Motors Corp's car at the company headquarters in Tokyo May 23, 2013. Credit: Reuters/Toru Hanai TOKYO | Wed Sep 11, 2013 8:23pm EDT TOKYO (Reuters) - Shares in Japanese carmaker Mitsubishi Motors Corp (7211.T) fell as much as 8.1 percent to 1,027 yen on Thursday, their lowest in more than a week, after a media report it plans to offer about 200 billion yen ($2 billion) in shares to the public. The Nikkei newspaper said Mitsubishi would use the proceeds to buy back preferred shares it had issued to four group firms in exchange for capital infusions. ($1 = 99.9850 Japanese yen) (Reporting by Dominic Lau; Editing by Paul Tait) Tweet this Link this Share this Digg this Email Reprints Comments (0) This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

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