Brief: Toyo Business Engineering says business and capital alliance with WingArc1st and Mitani Sangyo
14/03/2018 08:24
March 14 (Reuters) - Toyo Business Engineering Corp 4828.T
* Says it plans to form business and capital alliance with
WingArc1st Inc and Mitani Sangyo Co Ltd 8285.T
* Through capital alliance, WingArc1st will acquire 8
percent
stake (480,000 shares) in the co, and Mitani Sangyo will acquire
12.4 percent stake (744,000 shares) in the co and become co's
second biggest shareholder
* Through business alliance, WingArc1st and co will work
together
in Thailand and cooperate on customer development, Mitani Sangyo
and will work together in Vietnam
Source text in Japanese: https://goo.gl/2Ack7k;
https://goo.gl/NeD4ZR
Further company coverage: 4828.T 8285.T
(Beijing Headline News)
((Beijing.HeadlineNews@thomsonreuters.com; +86 010 62674724;
Reuters Messaging: Tingting.liu@thomsonreuters.com@reuters.net))