Brief: Shirohato plans business and capital alliance with Odakyu Electric Railway; top shareholder change
31/10/2016 04:44
Oct 31 (Reuters) - Shirohato Co Ltd 3192.T :
* Says co forms a business and capital alliance with Odakyu
Electric Railway Co Ltd 9007.T on Oct. 31
* Co will issue 19.99 percent stake of shares via private
placement to Odakyu Electric Railway and raise 501.0 million yen
in total on Nov. 18
* Odakyu Electric Railway will raise stake in co to 19.99
percent from 0 percent after private placement, and will be the
top shareholder of co
* Says Odakyu Electric Railway actually aims to acquire
totaling 20.20 percent stake of shares in co (973,600 shares)
via private placement and market trading
Source text in Japanese: https://goo.gl/DBUjvV
Further company coverage: 3192.T 9007.T
(Beijing Headline News)
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