Idemitsu Kosan Plans Public Offering Of Shares

Published: Jul 03 2017
Deal Summary

Idemitsu Kosan Co.,Ltd, a petrochemical and downstream energy company, intends to issue 33.6 million (MM) shares, in a public offering. The offering is a part of the company’s JPY138.5 billion (US$1.23 billion) issue of shares.

The company intends to use the proceeds from the offering to fund investments and loans for Nghi Son Refinery and Petrochemical LLC, fund investments in plant and equipment, funds for the company’s research and development in advanced technology areas, and to the repayment of short-term loan.

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