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RECOMM says capital and business alliance with Hikari Tsushin, to buy stake in unit of Hikari Tsushin


Monday, 18 Dec 2017 

Dec 18 (Reuters) - RECOMM Co Ltd <3323.T> ::Says the company formed a capital and business alliance with Hikari Tsushin Inc <<<9435.T>>>, on Dec. 18.Two entities will cooperate on sale business of LED illumination and commercial air conditioner .Co plans to buy 51 percent stake in Hikari Tsushin's unit at 515 million yen, on Jan. 31, 2018.Co will issue 30,000 units of options (3 million shares) to Hikari Tsushin, base on the premise of acquisition of stake in the Hikari Tsushin's unit . 

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18860.0
160.0 +0.86%
16 Nov 2018