NIPPON COLUMBIA TO MAKE BONUS STOCK ISSUES

  Nippon Columbia Co Ltd &lt;NCOL.T> will make
  a one-for-20 bonus stock issue on July 14 to pay back remaining
  premiums accumulated by 4.5 mln shares issued at market price
  through public placement in September 1980, a spokesman said.
      The bonus issue will bring its outstanding capital shares
  to 65.02 mln from 61.92 mln as at March 31 1987. It is open to
  shareholders registered on May 31.
      Nippon Columbia's share price fell 20 to 1,260 yen on the
  Tokyo Stock Exchange today.
  

