Brief: Fruta Fruta forms business and capital alliance with Asrapport Dining Co Ltd and unit
22/06/2016 10:32
June 22 (Reuters) - Fruta Fruta Inc 2586.T :
* Says the company entered into agreement to form a
business and capital alliance with Asrapport Dining Co Ltd
3069.T and its dairy product unit on June 22
* Says two entities will cooperate on development of dairy
products, distribution and chain stores
* Says the company will issue 175,000 new shares to
Asrapport's dairy product unit for 144.2 million yen via private
placement
* Says the dairy product company will increase stake in the
company to 14.7 percent, up from 0 percent, after issue of
shares
* Say the company will issue 55 million yen worth bonds to
Asrapport and its unit
Source text in Japanese:https://goo.gl/aEmRQD;
https://goo.gl/T0cfZs; https://goo.gl/7dHc1k
Further company coverage: 2586.T 3069.T
(Beijing Headline News)
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