July 18, 2017 / 6:35 AM / 2 years ago

BRIEF- Sanken Electric consolidated subsidiary SKN to issu new shares to OEP through private placement

July 18(Reuters) - Sanken Electric Co Ltd

* Says its consolidated subsidiary Sanken North America Inc (SKN) will issue 2.9 million new shares to One Equity Partners(OEP) through private placement, with a payment date on Aug. 24 (U.S. time)

* Says OEP will hold 28.8 percent stake in SKN after the share issuance

Source text in Japanese:goo.gl/cHgAxz

Further company coverage: (Beijing Headline News)

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