U-Shin Ltd (6985.T)
Latest Key Developments (Source: Significant Developments)
Dec 19(Reuters) - U-Shin Ltd <6985.T>:Says it plans to acquire all interest in a China-based automotive components firm from the company's unit U-Shin Holdings Europe B.V. .Transaction date on Dec. 31. Full Article
U-SHIN LTD <6985.T>: Says it announces a lawsuit against its US-based unit YUHSHIN U.S.A. LIMITED filed by General Motors LLC on April 19 (American local time) .Says General Motors LLC claims compensation of more than $250 million regarding the damage from disqualification of the lock set produced by the unit YUHSHIN U.S.A. LIMITED. Full Article
U-Shin Ltd:Says the company remained the consolidated mid-year outlook for revenue at 80,000 million yen for FY ending Nov. 2016.Operating profit forecast at 2,000 million yen.Ordinary profit forecast at 1,300 million yen.Net profit forecast decreased to -300 million yen from 700 million yen.Earnings per share decreased to -10.83 yen from 26.22 yen.Comments the costs for goods check are the main reasons for the forecast. Full Article
U-Shin Ltd:To set up a wholly owned subsidiary in Wuxi, China, with registered capital of $30 mln in March 2016.Previous plan disclosed on Dec. 22, 2015. Full Article
* Says it plans to acquire all interest in a China-based automotive components firm from the company's unit U-Shin Holdings Europe B.V.