Brief: Okato Holdings to form business and capital alliance with Nissan Securities
21/05/2018 07:43
May 21 (Reuters) - Okato Holdings Inc 8705.T
* Says it plans to form business and capital alliance with
Nissan
Securities Co Ltd
* Says it will issue 1 million new shares and distribute 1
million
shares of its treasury common stock to Nissan Securities via
private placement to raise 360 million yen in total, with
payment date on June 7
* Says Nissan Securities will raise stake in the co to 18.65
percent from 0 percent and become co's top shareholder
Source text in Japanese: https://goo.gl/ANev29
Further company coverage: 8705.T
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