Brief: Kozosushi plans capital and business alliance with Asrapport Dining
30/11/2016 07:14
Nov 30 (Reuters) - Kozosushi Co Ltd 9973.T :
* Says the company plans to form a capital and business
alliance with Asrapport Dining Co ltd 3069.T
* Says two entities will mainly cooperate on joint
development and sale of Sushi related products and co-marketing
etc.
* Asrapport Dining plans to acquire 13.7 percent stake of
shares (4.1 million shares) from Kozosushi's shareholder
Toyoshoji Co Ltd, at totaling 339.7 million yen
* Toyoshoji Co Ltd's stake in co will be lowered to 0
percent from 13.7 percent
* Asrapport Dining will raise stake in co to 13.7 percent
from 0 percent, and will be the top shareholder after
transaction
* Equity transfer effective date is Nov. 30 and business
alliance starts from Dec. 1
Source text in Japanese: https://goo.gl/JsyfMM
Further company coverage: 9973.T 3069.T
(Beijing Headline News)
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