September 29, 2016 / 3:42 AM / a year ago

BRIEF-Iwasaki Electric firms business and capital alliance with Minebea

Sept 29 (Reuters) - Iwasaki Electric Co Ltd :

* Says Iwasaki Electric firms business and capital alliance with Minebea Co Ltd on Sept. 29

* Two entities will cooperate on production contracting and joint development of road lighting equipments

* Iwasaki Electric plans to distribute 3 million shares (3.83 percent stake) of its treasury common stock at via private placement to Minebea, at 423 million yen in total, on Oct. 17

Source text in Japanese: goo.gl/kn9d7S

Further company coverage: (Beijing Headline News)

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