Brief: LAC to buy 16.7 pct voting rights in BroadBand Tower's unit GITV for 30 mln yen

LAC Co

13/09/2016 07:46

Sept 13 (Reuters) - LAC Co Ltd  3857.T  and BroadBand Tower 
Inc  3776.T  : 
     
    * Says LAC to buy 600 shares (16.7 percent voting rights) of 
GITV that is a subsidiary of BroadBand Tower Inc  3776.T , via 
private placement on Sep. 30 for 30 million yen in total 
    * Says GITV is engaged in promote commercialization of IoT 
advanced technology held by venture companies 
    * Says BroadBand Tower's voting rights in GITV to decrease 
to 77.8 percent from 93.3 percent  
     
     
    Source text in Japanese: https://goo.gl/A6GBSd; 
https://goo.gl/5jm35Q 
    Further company Coverage:  3857.T   3776.T  
 
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