Brief: Shizuki Electric announces capital and business alliance with Murata Manufacturing Co Ltd
16/09/2016 07:42
Sept 16 (Reuters) - Shizuki Electric Co Inc 6994.T :
* Says it formed capital and business alliance with Murata
Manufacturing Co Ltd 6981.T on Sep. 16
* Says the co to distribute 3.9 million shares of its
treasury common stock through private placement to Murata
Manufacturing Co Ltd on Oct. 3
* Says Murata Manufacturing Co Ltd to raise stake in the co
to 13.7 percent from 2.0 percent
* Says two parties to use 100 million yen to set up JV in
Akita, engaged in film capacitors business, on Oct. 3
* Says the co to hold 35 percent stake in the JV
Source text in Japanese:https://goo.gl/BynDwJ;
https://goo.gl/c5Lwh7
Further company coverage: 6994.T 6981.T
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