Business Services Industry

West Japan Railway Co. to Offer Stock to Investors at 411,000 Yen per Share.

Knight Ridder/Tribune Business News, March, 2004

Kyodo News International, Tokyo Knight Ridder/Tribune Business News

Mar. 8--TOKYO -- West Japan Railway Co. (JR West) said Monday its stock will be sold at 411,000 yen per share to the general public in Japan this week as the government has decided to sell off its entire 31.72 percent stake in the company.

The 31.72 percent stake in JR West, or 634,344 shares, are held by the governmental Japan Railway Construction, Transport and Technology Agency, an independent administrative institution.

Of the 634,344 shares, 440,000 shares will be offered in Japan with subscriptions to be accepted from Tuesday through Thursday and stock delivery to take place Friday.

The remaining 194,344 shares will be sold to institutional investors in...

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