 |
| GM |
1. |
Retirement of shares |
| - Cancellation without consideration (619 million shares) |
| 2. |
Total injection of approx. Y60.0 billion for: |
| - JV with Isuzu, capital increase in Isuzu PT units |
| - Intellectual property |
| - Subscription to new shares of Isuzu (for 10.0 billion: 12% equity) |
| 3. |
Consolidation of PT companies and assumption of approx. Y40.0 billion debt
(est. a/o Dec '02) |
| |
|
General shareholders
(excluding GM) |
1. |
Reduction of capital stock: Y89.8 billion, including cancellation of GM's shareholding without consideration. |
| * Note: Number of issued shares to general shareholders remain unchanged. |
| |
|
Financial
institutions |
1. |
Debt-for-equity conversion: Y100.0 billion of debt with major banks
(to be converted to new issues of preferred stock) |
 To restore Isuzu net worth |
| 2. |
New money |
| - Bond redemption funds: financing request, to cover redemptions during the period |
| - Headcount reduction funds: financing request to 5 major banks |
| 3. |
Financial support from other banks |
| - Roll-over of existing credits: Based on request to major banks to step up cooperation, other financial institutions are also requested to accept roll-over |
Improve Financial Fundamentals
