Brief: Aval Data announces business and capital alliance with Tokyo Electron Device Co Ltd

Aval Data

30/08/2016 07:49

Aug 30 (Reuters) - Aval Data Corp   6918.T :  
     
     
    * Says the co and Tokyo Electron Device Co Ltd  2760.T  
announce business and capital alliance since Aug. 30 
    * Says two parties will cooperate on development of 
Application Specific Integrated Circuit and Large Scale 
Integration, improvement of brand products and development of 
sales  
    * Says the co will use 30 million yen to raise 0.19 percent 
stake in Tokyo Electron Device Co Ltd and meanwhile to 
distribute 35,000 shares of its treasury common stock through 
private placement to Tokyo Electron Device Co Ltd for 30.5 
million yen  
     
     
    Source text in Japanese:https://goo.gl/Ma03dH 
    Further company coverage: 6918.T  2760.T  
 
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