Brief: Daiken says business and capital alliance with ITOCHU

Daiken

03/09/2018 07:57

Sept 3 (Reuters) - Daiken Corp  7905.T  
    
    * Says it forms business and capital alliance with ITOCHU
Corp
 8001.T  on Sept. 3 
    * Says it will issue 1.9 million shares via private
placement to
ITOCHU Corp, at the price of 2,240 yen per share, to raise 4.27
billion yen in total
    * Payment date on Sept. 19 
    * Says ITOCHU Corp will increase voting power in the company
to 35
percent from 28.9 percent 
    * Says two entities will mainly cooperate on renovation
business
expansion, woody materials business and brand strengthening in
China and ASEAN market 

    
    Source text in Japanese:https://goo.gl/FGx7XW
    Further company coverage: 7905.T  8001.T 

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