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Tsuzuki Denki Co Ltd (8157.T)

8157.T on Tokyo Stock Exchange

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Fri, Nov 24 2017

BRIEF-Tsuzuki Denki completes private placement of treasury shares for 2.13 bln yen

* Says it completed sale of 2.2 million treasury shares through private placement to ASO CORPORATION, for 2.13 billion yen in total, on Nov. 24

BRIEF-Tsuzuki Denki to retire treasury shares

* Says it will retire 1 million shares (3.9 percent of outstanding) of its common stock on Nov. 30

BRIEF-Tsuzuki Denki says private placement of treasury stock and change of shareholding structure

* Says it will distribute 2.2 million shares of its treasury common stock, at the price of 966 yen per share, through private placement to ASO CORPORATION, and payment date on Nov. 24

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