Shares in Hitachi fell the most in six months on Monday as the Japanese electronics company said it plans to raise as much as $4.6 billion selling stock and convertible bonds to replenish capital after posting a record loss last year, reports Bloomberg. Hitachi, Japan’s fourth largest company, said it plans to sell Y100bn yen ($1.1bn) of convertible bonds and raise the rest in a sale of new stock. The shares may be sold at a discount of 3%-5%.

This entry was posted by Gwen Robinson on Monday, November 16th, 2009 at 4:44 and is filed under Capital markets. Tagged with Hitachi. Edit this entry.