Brief: Nittan Valve to set up engine valve JV in China

Nittan

26/09/2017 09:44

Sept 26 (Reuters) - Nittan Valve Co Ltd  6493.T  
    
    * Says co plans to set up a JV Rizhao Nittan Valve Co., Ltd. 
in Rizhao City, Shandong Province, China, in October 
    * Says the JV will be capitalized at 800 million yen and 
will be mainly engaged in production and sale of small engine 
valve  
    * Says co will hold 85 percent stake in the JV 
 
    Source text in Japanese: https://goo.gl/bQ6nEc 
    Further company coverage: 6493.T  
 
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