Edition:
United Kingdom

Funai Electric forms business and capital alliance with FOMM


Thursday, 30 Nov 2017 

Nov 30 (Reuters) - Funai Electric Co Ltd <6839.T>:Says co signed business and capital alliance agreement with FOMM Corp, which is mainly engaged in design & development of micro electric vehicles and engineering consulting.Through capital alliance, FOMM will issue new shares to the co via private placement, with payment date on Nov. 30.Through business alliance, co plans to use FOMM's electric vehicles know-how in co's consumer electronics' manufacturing. 

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