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Japan aims to raise $12 bn in postal giant share sale

Japanese said Monday it would sell off another chunk of the country's massive postal service in a share sale that could raise up to $12 billion. Tokyo said it would sell up to 990 million shares in Japan Post, or about 22 percent of its outstanding shares, the finance ministry said in a statement. The sale could raise 1.3 trillion yen based on Monday's closing price of 1,321 yen.
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