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BRIEF- Sharp to acquire SAIGON STEC for $3.1 mln
May 12, 2017 / 8:29 AM / 7 months ago

BRIEF- Sharp to acquire SAIGON STEC for $3.1 mln

May 12(Reuters) - Sharp Corp

* Says it resolves to acquire 51 percent stake of SAIGON STEC Co.,LTD. from Sharp Takaya Electronic Industry Co., Ltd., for $3.1 million or about 354 million yen

* Says it will raise voting power in SAIGON STEC to 51 percent from 0 percent

* Says transaction will effective on June 30

Source text in Japanese:goo.gl/sjAGW6

Further company coverage: (Beijing Headline News)

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