Japan's ANA shares drop on report airline to raise $1.9b via share sale

Japan's ANA shares drop on report airline to raise $1.9b via share sale

All Nippon Airways Co. (ANA) aircraft stand parked at Haneda Airport in Tokyo, Japan, on Wednesday, April 26, 2017. Photographer: Tomohiro Ohsumi/Bloomberg

Shares of Japan’s ANA Holdings Inc on Tuesday sank as much as 4.2% after sources said the country’s biggest airline plans to raise about 200 billion yen ($1.9 billion) by selling new shares to bolster its balance sheet.