Brief: Shin Pro Maint updates on business and capital alliance with Nomura
27/04/2017 08:37
April 27 (Reuters) - Shin Pro Maint Inc 6086.T :
* Says the company updates more details about business and
capital alliance with Nomura
* Co will wholly buy Nomura 9716.T 's wholly owned unit
TESCO Co Ltd via stock swap, and one share of Tesco's stock will
be exchanged with 0.034976 shares (0.014067 share and 46 yen) of
co's stock, effective on Sept. 1
* Says 182,808 shares of common stock in co will be
exchanged, representing 10 percent stake outstanding in co
* Co and Nomura will set up a JV in Tokyo, which will be
mainly engaged in construction and decoration business in
mid-May, with registered capital of 50 million yen
* Co and Nomura will hold a 20 percent stake and a 80
percent stake in JV respectively
* Nomura will own 10.86 percent stake in co as result of
selling unit Tesco to co through stock swap, and to be the
second major shareholder of co after transaction
Source text in Japanese: https://goo.gl/HSDxNj ;
https://goo.gl/hQ1yni ; https://goo.gl/6z60Tj
Further company coverage: 6086.T 9716.T
(Beijing Headline News)
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