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Showa Shell to Receive 10 Billion Yen Bank Loans, Jiji Says

Showa Shell Sekiyu K.K. will receive 10 billion yen in loans from nine Japanese regional banks, including Miyazaki Bank Ltd. (8393) and Shiga Bank Ltd. (8366), Jiji Press reported, without saying where it obtained the information.

The Tokyo-based oil refiner will use the money to expand production of solar cells, the report said.

To contact the editor responsible for this story: Takehiko Kumakura at tkumakura@bloomberg.net

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