The Bank of Okinawa plans to issue new common shares worth about 13 billion yen to third parties to boost its capital for expanding operations, the bank said Thursday.

The regional bank based in the nation’s southernmost prefecture is considering conducting the third-party allocation in the first half of the current fiscal year that started Sunday. The Tokyo Stock Exchange said it temporarily suspended trading Thursday in the bank’s stock so players could confirm the announced plan.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.