Brief: NCXX Group unit says business and capital alliance with iStudy
07/08/2017 09:48
Aug 7(Reuters) - NCXX Group Inc 6634.T
* Says its consolidated subsidiary e frontier Inc signs a
business and capital alliance with iStudy Co Ltd 2345.T
* Says the two firms will cooperate on development of
education content related new products and services, and joint
marketing of new products
* Says e frontier will acquire 240,000 new shares (12
percent stake) of iStudy through private placement, for 259.2
million yen, with payment date on Aug. 23, and e frontier will
increase stake in iStudy to 12 percent from 0 percent
* Says the company signs business alliance with iStudy,
mainly regarding development of education content and IoT
products
Source text in Japanese:https://goo.gl/bA19xB
Further company coverage: 6634.T 2345.T
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