Brief: Es-con Japan forms business and capital alliance with Chubu Electric Power

ES-CON JAPAN

28/08/2018 07:25

Aug 28 (Reuters) - Es-con Japan Ltd  8892.T  
    
    * Says it forms business and capital alliance with Chubu
Electric
Power Co Inc  9502.T  on Aug. 28 
    * Says two entities mainly cooperate on real estate business
    * Says Chubu Electric Power Co Inc will acquire 23 million
shares
of the company, effective Sept. 7 
    * Says Chubu Electric Power Co Inc will raise voting power
in the
company to 33.3 percent from 0 percent
    * Says Osaka-based amusement center firm will decrease
voting
power in the company to 5.2 percent from 13 percent 
    * Says an individual shareholder will decrease voting power
in the
company to 3 percent from 15.4 percent  

    
    Source text in Japanese:http://bit.ly/2PEq9Dw;
http://bit.ly/2PHuWEn
    Further company coverage: 8892.T  9502.T 

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