Brief: Onkyo cancels capital alliance with Kawai Musical Instruments Manufacturing

Kawai Musical Instruments Manufacturing Co

27/06/2018 07:26

June 27 (Reuters) - Onkyo Corp  6628.T  :
      
    * Says it signed an agreement on cancellation of capital
alliance
with Kawai Musical Instruments Manufacturing Co Ltd  7952.T  on
June 27
    * Says the business alliance between two entities will be
continue
 
    * Onkyo is holding a 5.24 percent stake in Kawai Musical
Instruments Manufacturing, while Kawai Musical Instruments
Manufacturing is owning 7.75 percent stake in Onkyo
    * Shares held by the other company in both entities are in
deal to
be sold 

    
    Source text in Japanese: https://goo.gl/DtZmnn
    Further company coverage: 6628.T   7952.T 

 (Beijing Headline News)
 ((Beijing.HeadlineNews@thomsonreuters.com; +86 62674724;
Reuters Messaging: Cheng.Li@thomsonreuters.com@reuters.net))