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BRIEF- Seiko to acquire additional shares of nippon-kikai-shoji
May 16, 2017 / 6:54 AM / 4 months ago

BRIEF- Seiko to acquire additional shares of nippon-kikai-shoji

May 16(Reuters) - Seiko Corp

* Says it resolves to acquire 690 shares (69 percent stake) of nippon-kikai-shoji, which is mainly engaged in sales of packaging machine and packaging machine plant

* Says it will raise voting power in nippon-kikai-shoji to 82 percent (820 shares) from 13 percent (130 shares)

* Says transaction effective May 31

Source text in Japanese:goo.gl/yQsUCu

Further company coverage: (Beijing Headline News)

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