Brief: RECOMM says capital and business alliance with Hikari Tsushin, to buy stake in unit of Hikari Tsushin

Recomm Co

18/12/2017 12:19

Dec 18 (Reuters) - RECOMM Co Ltd  3323.T  : 
       
    * Says the company formed a capital and business alliance 
with 
Hikari Tsushin Inc  9435.T , on Dec. 18 
    * Two entities will cooperate on sale business of LED 
illumination 
and commercial air conditioner  
    * Co plans to buy 51 percent stake in Hikari Tsushin's unit 
at 515 
million yen, on Jan. 31, 2018 
    * Co will issue 30,000 units of options (3 million shares) 
to 
Hikari Tsushin, base on the premise of acquisition of stake in 
the Hikari Tsushin's unit  
 
     
    Source text in Japanese: https://goo.gl/zHdXsd ; 
https://goo.gl/kvhDBk 
    Further company coverage: 3323.T  
 
 (Beijing Headline News) 
 ((Beijing.HeadlineNews@thomsonreuters.com; +86 62674724; 
Reuters Messaging: Cheng.Li@thomsonreuters.com@reuters.net))