Yamaha Motor Plunges After Announcing Share Sale




Yamaha Motor Co., the world’s second-largest motorcycle maker, fell the most in eight months in Tokyo trading after saying it plans to raise 76.1 billion yen ($805 million) by selling new shares to fund research. Yamaha declined 9.4 percent, the biggest drop since Aug. 4, to close at 1,266 yen on the Tokyo Stock Exchange. The Japanese company, which has 286.5 million outstanding shares, plans to sell as many as 63.25 million common shares, it said in a statement after the market closed on April 2.


Source: Yamaha Motor Plunges After Announcing Share Sale

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