Mitsubishi Motors Corp. is nearing a decision to raise as much as ¥200 billion via a public offering of new shares as it seeks to reduce preferred stock held by other group companies, two sources with direct knowledge of the plan said.
MMC will probably announce the plan after reporting half-year financial results at the end of October, and the sale will likely occur between January and March 2014, the sources said.
Tokyo-based MMC spokesman Kai Inada said nothing has been decided.