Bloomberg News

Eliiy Sells 10.6 Billion Yen of Shares to Goldman, Daiwa House

September 30, 2011

Sept. 30 (Bloomberg) -- Eliiy Power Co., an affiliate of Daiwa House Industry Co., sold 10.6 billion yen ($138 million) of new shares to companies including Goldman Sachs Group Inc., Daiwa House, Inpex Corp. and others.

The Japanese battery venture plans to use the funds to construct a lithium-ion battery plant in Kawasaki, near Tokyo, at a cost of 15 billion yen, according to a statement on its website today.

To contact the reporter on this story: Go Onomitsu in Tokyo at gonomitsu@bloomberg.net

To contact the editor responsible for this story: Gearoid Reidy at greidy1@bloomberg.net


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