Brief: V-cube unit says cancellation of capital alliance with e frontier and says business and capital alliance with CAICA

JN

29/12/2017 06:32

Dec 29(Reuters) - V-cube Inc  3681.T  
     
    * Says its consolidated subsidiary iStudy Co Ltd  2345.T  
cancels 
capital alliance with e frontier Inc, a consolidated subsidiary 
of NCXX Group Inc  6634.T   
    * Says business alliance signed by iStudy and e frontier 
will be 
continued 
    * Says iStudy signs a business and capital alliance with 
CAICA Inc 
 2315.T  and the two entities will mainly cooperate on sales 
promotion, joint marketing of talented person platform, joint 
development and research of software and related business  
    * Says CAICA will acquire 240,000 shares (12.1 percent 
voting 
power) of iStudy from e frontier  
    * Says CAICA will increase voting power in iStudy to 12.1 
percent 
from 0 percent and will become the third biggest shareholder of 
iStudy, and e frontier will cut voting power in iStudy to 0 
percent from 12.1 percent, effective Dec. 29  
 
     
     
    Source text in Japanese:https://goo.gl/cdDWsa ; 
https://goo.gl/G4FQPk ; https://goo.gl/bpLcPX  
    Further company coverage: 3681.T  2315.T  2345.T  6634.T  
 
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Reuters Messaging: huafang.zhang.reuters.com@reuters.net))