Brief: Jalco Holdings says business and capital alliance with real estate firm
27/09/2017 07:48
Sept 27 (Reuters) - Jalco Holdings Inc 6625.T
* Says co plans to form business and capital alliance with a
Tokyo-based real estate firm
* Through business alliance, two entities will cooperate on
real estate and loans business
* Through capital alliance, the Tokyo-based firm will
acquire 5 million shares (9.8 percent stake) of the co, at the
price of 105 yen per share (525 million yen in total)
* Through capital alliance, co's unit JALCO Co.,Ltd will
take out loan of up to 3.5 billion yen from the Tokyo-based firm
to fund real estate related investment, with interest rate of 3
percent
Source text in Japanese: https://goo.gl/gnFm9c
Further company coverage: 6625.T
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