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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.

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