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Datasection says business and capital alliance with KDDI Corp

Tuesday, 10 Jul 2018 

July 10 (Reuters) - Datasection Inc <3905.T> ::Says it plans to form a business and capital alliance with KDDI CORP <<<9433.T>>>, jointly working in AI area.KDDI will acquire 2.1 million shares of the company, including 1 million shares sold by the company's chairman at price of 641 yen per share.KDDI will own 17.78 percent stake (2.1 million shares) in the company after transaction and to be the top shareholder .And the current top shareholder and chairman Hirofumi Sawa will cut stake in co to 2.84 percent from 10.99 percent .Shareholding structure changes will be effective on July 13. 

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