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NuFlare Technology and Shibaura Mechatronics plan capital and business alliance


Monday, 4 Dec 2017 

Dec 4 (Reuters) - NuFlare Technology Inc <6256.T> ::Says NuFlare Technology Inc and Shibaura Mechatronics Corp <<<6590.T>>> formed a capital and business alliance on Dec. 4.Two entities will cooperate in area of semiconductor manufacturing equipment .NuFlare Technology planed to buy up to 1.6 million shares (3.08 percent stake) of co from Toshiba Corp <<<6502.T>>>.And NuFlare Technology will then buy shares from stock market, aiming to add stake in co to up to 5 percent (2.6 million shares).Says shares will be transferred during the period from Dec. 20 to Dec. 25. 

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