Brief: Daido Metal to buy Aluminum die cast products maker ACJ and unit ACT

Daido Metal Co

26/12/2016 04:00

Dec 26 (Reuters) - Daido Metal Co Ltd  7245.T  : 
     
    * Says it plans to fully acquire Aluminum die cast products 
maker ACJ from ASAHITEC Corp, for 12.54 billion yen in January 
2017 
    * Says along with the acquisition of ACJ, ACJ's 
Thailand-based unit ATA Casting Technology Co., Ltd (ACT) will 
also be the sub-subsidiary of co 
    * Co also enters into agreement on Dec. 23 to acquire 
account receivable rights in ACT from ASAHITEC Corp, at 516 
million yen 
     
    Source text in Japanese: https://goo.gl/Iq78Vo 
    Further company coverage: 7245.T  
 
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