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Kansai Electric Shares Lead Drop in Sector on Planned Stock Sale

Japan’s Kansai Electric Power Co. slumped after the company said it plans to raise as much as ¥504.9 billion ($3.2 billion) from a share sale, fueling concern about dilution of existing stock value.

By: financialpost.com

Nov 14 2024
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Kansai Electric Shares Lead Drop in Sector on Planned Stock Sale

(Bloomberg) — Japan’s Kansai Electric Power Co. slumped after the company said it plans to raise as much as ¥504.9 billion ($3.2 billion) from a share sale, fueling concern about dilution of existing stock value. Read More

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EON Boosts Power-Grid Spending by 20% as Europe Electrifies