Brief: CRE forms business and capital alliance with Kenedix; shareholding structure change

Cre

06/02/2017 07:25

Feb 6 (Reuters) - CRE Inc  3458.T  : 
     
    * Says CRE Inc forms a business and capital alliance with 
Kenedix Inc  4321.T   
    * Says Kenedix plans to purchase CRE stock through a 
third-party allotment as well as by purchasing stock held by 
Kyobashi Kousan Inc, CRE's largest shareholder, by using a 
negotiated transaction 
    * CRE will raise totaling 901.8 million yen via shares 
private placement by issuing new shares to Kenedix on March 1 
    * Kyobashi Kousan Inc's stake in CRE will be lowered to 
49.66 percent from 62.65 percent  
    * Kenedix will raise stake in CRE to 15.18 percent from 0.41 
percent  
    * CRE's Shareholding structure changes will be effective on 
March 1 
     
    Source text in Japanese: https://goo.gl/hqmRfg ; 
https://goo.gl/WmouXB 
    Further company coverage: 3458.T  4321.T  
 
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