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BRIEF-Shibaura Mechatronics says business and capital alliance with engineering unit of Shin-Etsu Chemical
December 4, 2017 / 7:13 AM / 14 days ago

BRIEF-Shibaura Mechatronics says business and capital alliance with engineering unit of Shin-Etsu Chemical

Dec 4 (Reuters) - Shibaura Mechatronics Corp

* Says it signs business and capital alliance with Tokyo-based engineering firm, which is wholly owned unit of Shin-Etsu Chemical Co Ltd , on Dec. 4

* Says two entities will mainly cooperate on mechatronics related equipment manufacture, development and sale

* Says Tokyo-based engineering firm will acquire 2.6 million shares of the company from Toshiba Corp, effective Dec. 20 to Dec. 25

Source text in Japanese:goo.gl/ig22nR;goo.gl/Hfmsj7

Further company coverage: (Beijing Headline News)

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