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(Adds closing share price in 2nd paragraph, adds in 5th paragraph Japan Tobacco's purchase of part of RJR Nabisco.
Jump to full article: Bloomberg News, 1999-03-18
Intro: Japan Tobacco Inc. shares rose 12.6 percent on a report the nation's only tobacco company will seek to develop a genetically engineered high- yield rice crop, analysts said.
. . The joint venture, capitalized at about 10 billion yen ($84.75 million), will develop a high-yield rice crop and other farm products, the report said. JT and Zeneca are seeking to compete with Monsanto Co. in the marketing of agricultural products in Asia, Nikkei said.
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