April 28, 2017 / 6:58 AM / 3 months ago

BRIEF-Apple International plans business and capital alliance with Isuzu Motors Ltd

1 Min Read

April 28 (Reuters) - Apple International Co Ltd :

* Says it plans to form a business and capital alliance with Isuzu Motors Ltd

* Says the two entities will mainly cooperate in vehicle maintenance and repair business and second-hand car sales business

* The company plans to issue 1.38 million shares via private placement to Isuzu Motors on May 31, and will raise 401.6 million yen in total

* Isuzu Motors will own 9.97 percent stake in co after transaction

Source text in Japanese: goo.gl/y8USMB

Further company coverage: (Beijing Headline News)

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