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Page 4 - Tokyu Corp News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Rakuten to issue new shares in bid to raise over $2bn

Rakuten Group Plans to Raise $2 4 Billion for Mobile Operations, Debt Repayment

By Kosaku Narioka Rakuten Group said it planned to raise 332.18 billion yen by selling new shares to fund its mobile business and repay debt. The Japanese company said it would issue up. | May 16, 2023

Embattled Rakuten announces $2 5 bln share issue to bolster finances

Rakuten to raise up to ¥332 bil via new share issues

Japanese e-commerce and mobile communication company Rakuten Group Inc said Tuesday it will raise up to 332 billion yen via new share issues, including third-party allotments, as it tries to improve its financial standing following aggressive investments in its mobile phone business. Part of the funds to be raised in…

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