ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Companies

Japan's Seibu Holdings units seek $760m capital increase

Seibu Railway and Prince Hotels asking Mizuho and other banks for deal

The Seibu Holdings logo at its headquarter in Tokyo.

TOKYO -- Japanese rail and hotel conglomerate Seibu Holdings is in discussions for a capital increase via a private allotment of preferred shares totaling 80 billion yen ($760 million), Nikkei has learned, as the company fortifies its balance sheet to cope with the drop-off in travel demand.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more