Fuji Food <2752> has sharply declined. It announced a public offering of 5 million shares, along with a sale through an over-allotment of up to 0.75 million shares. The public offering price determination date is from December 2 to 5. The number of newly issued shares corresponds to 12.6% of the current outstanding shares, and there seems to be a situation where the dilution of share value is being disliked. The estimated net amount of nearly 7 billion yen will likely be allocated for new store opening funds and capital investment.
フジオフード---大幅反落、公募増資実施による株式価値の希薄化を嫌気
Fujio Food - Significant drop, due to concerns over dilution of stock value from capital increase through public offering.
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