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BRIEF-Fujix to acquire 80 pct stake in Changzhou-based co for 211 mln yen
June 1, 2017 / 8:29 AM / 5 months ago

BRIEF-Fujix to acquire 80 pct stake in Changzhou-based co for 211 mln yen

June 1 (Reuters) - Fujix Ltd

* Says it will acquire 80 percent stake in Changzhou-based co, which is engaged in manufacture of sewing thread, for 211 million yen, from Ishikawa-based co, which is engaged in manufacture and sales of synthetic fiber products

* Says it will raise voting power in Changzhou-based co to 90 percent, from 10 percent

* Effective June 14

Source text in Japanese:goo.gl/OUKOJz

Further company coverage: (Beijing Headline News)

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