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

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. (GS), Daiwa House, Inpex Corp. (1605) 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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