Brief: Nippon Thompson to buy 75 pct stake in Shanghai precision bearing maker
17/10/2016 08:19
Oct 17 (Reuters) - Nippon Thompson Co Ltd 6480.T :
* Says it plans to buy 75 percent stake of shares in a
Shanghai-based precision bearing maker at an undisclosed price,
in Jan. 2017
* Says co will hold 75 percent stake in the Shanghai
precision bearing maker up from 0 percent, and Shanghai
precision bearing maker's Suzhou-based bearing unit will also
become the unit of co's after transaction
Source text in Japanese: https://goo.gl/gMdVwm
Further company coverage: 6480.T
(Beijing Headline News)
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