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BRIEF-Daido Metal to buy Aluminum die cast products maker ACJ and unit ACT
December 26, 2016 / 4:01 AM / 9 months ago

BRIEF-Daido Metal to buy Aluminum die cast products maker ACJ and unit ACT

Dec 26 (Reuters) - Daido Metal Co Ltd :

* Says it plans to fully acquire Aluminum die cast products maker ACJ from ASAHITEC Corp, for 12.54 billion yen in January 2017

* Says along with the acquisition of ACJ, ACJ’s Thailand-based unit ATA Casting Technology Co., Ltd (ACT) will also be the sub-subsidiary of co

* Co also enters into agreement on Dec. 23 to acquire account receivable rights in ACT from ASAHITEC Corp, at 516 million yen

Source text in Japanese: goo.gl/Iq78Vo

Further company coverage: (Beijing Headline News)

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