Brief: Johnson Electric says unit entered into a share purchase agreement with Halla Holdings Corporation

HL Holdings

21/03/2017 09:08

March 21 (Reuters) - Johnson Electric Holdings Ltd  0179.HK  
    * Purchaser entered into a share purchase agreement with 
seller to acquire an equity interest in hsc 
    * Unit entered into a share purchase agreement with Halla 
Holdings Corporation 
    * Attributable interest in Halla Stackpole Corporation will 
increase from 30% to 80% through purchaser's acquisition of 
equity interest. 
    * To acquire an equity interest in Halla Stackpole 
Corporation for a total consideration of up to  us$83.8 million 
    * On completion of acquisition, company's attributable 
interest in halla stackpole corporation will increase from 30% 
to 80% 
    * Purchaser is Johnson Electric International (uk) Limited;  
seller is Halla Holdings Corporation 
 
Source text for Eikon:  ID:nHKS6XSMy7  
Further company coverage:  0179.HK  
 
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