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"K" Line outlines share sale

Tokyo: Kawasaki Kisen Kaisha Ltd., Japan's third-biggest shipping line, plans to raise as much as 34.6 billion yen ($385 million) selling shares to help pay for vessels as it prepares for an economic recovery. The company will sell 110 million new shares in a public sale and offer an overallotment of 16.5 million shares, according to a filing with Japan's Finance Ministry today. Compatriot line Nippon Yusen Kaisha opted for a similar fund raising exercise in December.  [15/02/10]

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