JR Kyushu Seeks Southeast Asia Property Amid $4 Billion IPO

Updated on
  • Company’s initial share sale set to raise up to $4 billion
  • Shares scheduled to list on Tokyo Stock Exchange on Oct. 25

Koji Karaike.

Photographer: Akio Kon/Bloomberg

Kyushu Railway Co., the state-owned bullet-train operator seeking to raise as much as 416 billion yen ($4 billion) in an initial public offering, plans to reduce its reliance on Japan by investing in residential and office properties in Southeast Asia, its chairman said in an interview.

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