Mitsubishi mulls $1.4bn lifeline for Chiyoda
The Japanese trading house, which owns 33.4% of Chiyoda, is eyeing a private placement of new shares and loans to fund the bulk of the rescue financing, according to the Nikkei newspaper. The report said MUFG Bank will top up the additional financing
Chiyoda said in a statement that discussions are still ongoing with stakeholders on a financial strengthening plan
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