Brief: Tensho Electric Industries to raise stake in U.S.-based unit to 65 pct from 35.4 pct for $3.5 mln
28/06/2018 08:29
June 28 (Reuters) - Tensho Electric Industries Co Ltd
6776.T
* Says it plans to raise stake in U.S.-based unit to 65
percent
(16,900 shares) from 35.4 percent (9,200 shares) on June 29,
with acquisition price of $3.5 million (384 million yen)
* Says the unit is engaged in sales of plastic products
Source text in Japanese: https://goo.gl/1Y3TUk
Further company coverage: 6776.T
(Beijing Headline News)
((Beijing.HeadlineNews@thomsonreuters.com; +86 010 62674724;
Reuters Messaging: Tingting.liu@thomsonreuters.com@reuters.net))