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Japanese firm raises stake in Repower to 20.1%

Japanese firm raises stake in Repower to 20.1%
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IPO draws Tokai as anchor investor–REDC

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.… ....

Eric Petery Roxas , Repower Energy Development Corp , Tokai Holdings Corp , Pure Energy Holdings Corp , Tokai Holdings , Repower Energy Development , Eric Peter ,