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RHJ International SA (PINKSHEET:RHJIF) Please find enclosed the press release issued today by RHJI announcing that as part of its commitment, previously announced on June 13, 2008, to subscribe to up to 40,000,000 of newly issued shares of its portfolio company, Asahi Tec Corporation, it has subscribed to 22,500,000 of such shares, at JPY 80 per share, for an amount of JPY 1.8 billion.
This additional capital injection increases RHJI's ownership in Asahi Tec from 36.9% to 41.3%. Asahi Tec intends to use the proceeds to support its US subsidiary Metaldyne in its restructuring efforts. Asahi Tec's capital injection will further allow Metaldyne to pay down its financial debt and comply with the provisions of its credit facilities. RHJ International (Euronext: RHJI) is a diversified holding company focused on creating long-term value for its shareholders by acquiring and operating businesses in attractive industries. For further information visit www.rhji.com/
