Commenting on the news articles regarding its financial policy, Hitachi Ltd. (HIT) stated that those articles weren't based on its decision or disclosure.
Earlier, there were reports that Hitachi may raise as much as 400 billion yen or $4.5 billion in new stock and convertible bonds.
According to media reports, Tokyo-based Hitachi, which sees a net loss attributable to company of 230 billion yen for the fiscal year ending March 31, 2010, plans to sell about 300 billion yen of stock and 100 billion yen in convertible bonds.
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