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.
Seibu Holdings units Seibu Railway and Prince Hotels are asking Mizuho Bank and Development Bank of Japan for a deal.
