Kyodo Industry Brief (March 11) -1-
(Japan Economic Newswire Via Acquire Media NewsEdge) TOKYO, March 11 -- (Kyodo) _ ---------- Sharp mulls selling new shares to raise 100 bil. yen
TOKYO - Struggling Japanese electronics maker Sharp Corp. is considering raising around 100 billion yen through a public stock offering to help it repay 200 billion yen in debt due in September, sources close to the matter said Friday.
---------- Sumitomo Mitsui Trust to repay 200 bil. yen in public funds
TOKYO - Sumitomo Mitsui Trust Holdings Inc. said Friday it will repay 200 billion yen in public funds by buying government-held shares in view of its rising stock price.
---------- Hitachi-GE unveils nuclear site decontamination robot
TOKYO - Hitachi-GE Nuclear Energy Ltd. on Friday unveiled a remote-controlled robot designed to decontaminate the inside of a nuclear reactor building with highly pressurized water as part of its work for decommissioning the crippled Fukushima Daiichi Nuclear Power Station.
---------- Retailer Aeon to open 1st shopping mall in Indonesia in 2014
JAKARTA - Supermarket chain operator Aeon Co. announced Friday it will open a shopping mall in a Jakarta suburb in 2014, the first the company plans to build in Indonesia.
---------- Sompo Japan, Nipponkoa Insurance set merger date for Sept. 2014
TOKYO - Sompo Japan Insurance Inc. and Nipponkoa Insurance Co. will formally merge on Sept. 1, 2014, their holding company, NKSJ Holdings Inc., said Friday.
(NOTE: Corporate press releases are available on Japan Portal, a multilingual website powered by Kyodo News providing information about a wide range of topics and events in Japan. URL: http://www.japanportal.jp/industry/)
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