Brief: Tsuzuki Denki says private placement of treasury stock and change of shareholding structure

Tsuzuki Denki

27/10/2017 08:39

Oct 27 (Reuters) - Tsuzuki Denki Co Ltd  8157.T   
     
    * Says it will distribute 2.2 million shares of its treasury 
common stock, at the price of 966 yen per share, through private 
placement to ASO CORPORATION, and payment date on Nov. 24 
    * Proceeds will be used for loan repayment  
    * Says ASO CORPORATION will increase voting power in the co 
to 24.8 percent from 15.2 percent, effective Nov. 24  
 
     
    Source text in Japanese:https://goo.gl/Nj6kg6 
    Further company coverage: 8157.T  
 
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