Brief: Shinwa Art Auction says business and capital alliance
28/10/2016 08:27
Oct 28 (Reuters) - Shinwa Art Auction Co Ltd 2437.T :
* Says it formed a business and capital alliance with Hong
Kong-based investment firm and its unit British Virgin
Islands-based investment firm on Oct. 28
* Says it to invest in a China-based art investment
management firm and to hold 40 percent stake in it
* Says it to issue 330,000 shares of the co (5.44 percent
voting rights after issue) to the Hong Kong-based investment
firm via private placement on Nov. 14 for 112.9 million yen in
total
Source text in Japanese: https://goo.gl/z0ulJP
Further company Coverage: 2437.T
(Beijing Headline News)
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