Japanese firm raises stake in Repower to 20 1% inquirer.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inquirer.net Daily Mail and Mail on Sunday newspapers.
Tokai Holdings Corp. (Tokai) of Japan is buying a chunk of Repower Energy Development Corp. (REDC) shares on offer in its initial public offering (IPO) as an anchor investor. REDC, a subsidiary of Pure Energy Holdings Corp., announced Thursday that Tokai will take a 32.5-percent stake out of REDC’s IPO.…