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Onkyo Corp (6628.T)

6628.T on Tokyo Stock Exchange

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Wed, Mar 28 2018

BRIEF-Onkyo unit to acquire stake in china-based sound JV for 12,520 yuan

* Says its wholly unit will acquire 19 percent stake in Guangzhou-based sound JV from Guoguang Electric Co Ltd for 12,520 yuan (about 210 million yen)in total, effective March 30

BRIEF-Onkyo to acquire 21.83 pct stake in Onkyo & Pioneer Technology for 71.6 mln yen

* Says co plans to acquire 21.83 percent stake (1,432 shares) in Onkyo & Pioneer Technology Corporation (target firm) from Teac Corp and Daikoku Denki Co Ltd on March 15, at the price of 71.6 million yen in total

BRIEF-Onkyo and Minda Industries to jointly inject capital of 65 mln rupees into India-based JV

* Says co and Minda Industries Ltd plans to jointly inject capital of 65 million rupees (about 110 million yen) into JV Minda Onkyo India Private Limited in late March

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