Brief: Nippon Concept says capital and business alliance with Mitsui O.S.K. Lines

Nippon Concept

13/02/2018 08:26

Feb 13 (Reuters) - Nippon Concept Corp  9386.T   
    
    * Says co plans to form capital and business alliance with 
Mitsui 
O.S.K. Lines Ltd 
    * Says co will issue 770,500 new shares to Mitsui O.S.K. 
Lines on 
March 1 via private placement, to raise 1.07 billion yen in 
total  
    * Says co's president and vice president plan to sell 1.3 
million 
shares in total to Mitsui O.S.K. Lines 
    * Says Mitsui O.S.K. Lines will hold 15 percent stake in the 
co  
    * Says two entities will mainly cooperate on share overseas 
networks and business networks, joint business and service 
operations, joint technology research and development, joint 
purchasing, proactive use of both companies' services, personnel 
exchange and other beneficial matters to enhance the businesses 
of both companies 
 
    Source text in Japanese: https://goo.gl/3qnbDs 
    Further company coverage: 9386.T  
 
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