NEC to sell USD1.8 billion of stock

21 Nov 2003

Japanese equipment supplier NEC Corporation has announced plans to sell JPY197 billion (USD1.8 billion) of shares in Japan and overseas in a bid to reduce its debt. The share sale will be the nation’s largest stock sale in the fiscal year beginning 1 April 2003. The company will decide the price of the share sale between 8-10 December.