Brief: Topy Industries to establish JV with Wheels India Limited
19/06/2017 05:23
June 19(Reuters) - Topy Industries Ltd 7231.T
* Says Wheels India Limited WHEL.NS to establish a new
unit named WIL Car Wheels Limited in September and the unit
will be the joint venture of the co and Wheels India Limited
* Says the joint venture will be engaged in production and
sales of passenger-car use steel wheels
* Says co and Wheels India Limited will hold 26 percent
stake and 74 percent stake in the joint venture respectively
Source text in Japanese: https://goo.gl/EXzxh9
Further company coverage: 7231.T WHEL.NS
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