Brief: Ryobi to transfer business and shares to unit and to sell stake in unit to KYOCERA
29/09/2017 06:19
Sept 29 (Reuters) - Ryobi Ltd 5851.T
* Says co plans to transfer power tool related business, all
shares of Ryobi Sales Co and 66.6 percent stake in Ryobi Dalian
Machinery Co Ltd to a new unit in middle January, 2018
* Says the new unit will be established by the co
* Says the new unit will transfer all shares to the co and
co will sell 80 percent stake in the new unit to KYOCERA
Corporation 6971.T in middle January, 2018
* Says co will hold 33.4 percent stake in Ryobi Dalian
Machinery and hold 20 percent stake in the new unit
Source text in Japanese: https://goo.gl/esqC1x
Further company coverage: 5851.T 6971.T
(Beijing Headline News)
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