Mazda shares drop on fundraising report

Note: This section contains information in English only.
Source: Marketwatch
Mazda Motor Corp. announced it will issue new shares worth JPY 100 billion to aid its business. Japanese auto manufacturer predicts large scale net loss valued at JPY 100 billion this year, marking the fourth negative year in a row as strong Yen harms company's vehicle exports. Additionally Mazda is planning increase debt by JPY 70 billion through loans from its biggest lenders. Mazda shares plunged 10% on the announcement. 
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