Brief: Nitto Kogyo says business and capital alliance with BANGKOK SHEET METAL PUBLIC
29/11/2017 03:41
Nov 29 (Reuters) - Nitto Kogyo Corp 6651.T
* Says co acquires 40 million shares (9.1 percent stake) of
Thailand-based firm BANGKOK SHEET METAL PUBLIC COMPANY LTD on
Nov. 21, at the price of 149.2 million baht (about 507 million
yen) in total (3.73 baht per share)
* BANGKOK SHEET METAL PUBLIC holds 41 percent stake in co's
unit
NITTO KOGYO TRADING (THAILAND) CO.,LTD.
* Says co and BANGKOK SHEET METAL PUBLIC will mainly
cooperate on
product development in Southeast Asia market and sales and
supply of product in Thailand
Source text in Japanese: https://goo.gl/49fYyg
Further company coverage: 6651.T
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