Brief: Apple International plans business and capital alliance with Isuzu Motors Ltd
28/04/2017 07:57
April 28 (Reuters) - Apple International Co Ltd 2788.T :
* Says it plans to form a business and capital alliance with
Isuzu Motors Ltd 7202.T
* Says the two entities will mainly cooperate in vehicle
maintenance and repair business and second-hand car sales
business
* The company plans to issue 1.38 million shares via private
placement to Isuzu Motors on May 31, and will raise 401.6
million yen in total
* Isuzu Motors will own 9.97 percent stake in co after
transaction
Source text in Japanese: https://goo.gl/y8USMB
Further company coverage: 2788.T 7202.T
(Beijing Headline News)
((Beijing.HeadlineNews@thomsonreuters.com; +86 62674724;
Reuters Messaging: Cheng.Li@thomsonreuters.com@reuters.net))