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Nomura Real Estate drops on planned sale of new stock

Posted on 03 June 2009

From Bloomberg: Nomura Real Estate Holdings Inc. fell the most nearly three weeks in Tokyo trading after the property developer said it will raise as much as 64.1 billion yen ($667 million) from the sale of new shares.

The stock declined 4.8 percent to 1,585 yen as of the close on the Tokyo Stock Exchange, the sharpest slip since May 14. The company was the third-biggest loser among 1,655 companies on the MSCI World Index. ……Full Article: Source


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