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6628 - Onkyo News Story

¥45 3.0  7.1%

Last Trade - 7:00am

Sector
Technology
Size
Micro Cap
Market Cap £31.4m
Enterprise Value £37.1m
Revenue £206.5m
Position in Universe 3109th / 3863

BRIEF-Onkyo cancels capital alliance with Kawai Musical Instruments Manufacturing

Wed 27th June, 2018 7:26am
June 27 (Reuters) - Onkyo Corp  6628.T  :
      
    * Says it signed an agreement on cancellation of capital
alliance
with Kawai Musical Instruments Manufacturing Co Ltd  7952.T  on
June 27
    * Says the business alliance between two entities will be
continue
 
    * Onkyo is holding a 5.24 percent stake in Kawai Musical
Instruments Manufacturing, while Kawai Musical Instruments
Manufacturing is owning 7.75 percent stake in Onkyo
    * Shares held by the other company in both entities are in
deal to
be sold 

    
    Source text in Japanese: https://goo.gl/DtZmnn
    Further company coverage: 6628.T   7952.T 

 (Beijing Headline News)
 ((Beijing.HeadlineNews@thomsonreuters.com; +86 62674724;
Reuters Messaging: Cheng.Li@thomsonreuters.com@reuters.net))
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