Three Chief Shareholders Contribute ¥2 Billion To Minex Recapitalization

- By FX Markets Staff
- @FXMarkets_
- 20 Dec 1993

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Minex Corp. decided to boost its capital to ¥5 billion from the current ¥3 billion, at an extraordinary shareholders meeting last week, according to company officials.

This ¥2 billion (about $18.5 million) recapitalization, which will fund research and development, operating and marketing costs for the Minex electronic foreign exchange matching service, will be raised from the company's three largest shareholders, KDD, the Japanese telecommunications company, Tokyo Forex and Dow Jones Telerate

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