July 7, 2017 / 1:53 AM / a month ago

BRIEF- Joyful Honda to cancel business and capital alliance with BPEJ-1

July 7(Reuters) - Joyful Honda Co Ltd

* Says it will cancel business and capital alliance with its current top shareholder BPEJ-1

* Says BPEJ-1 will sell entire shares (31.4 percent stake) of the company through takeover bid, with a settlement date on July 31

* Says the two companies will cancel bearing related business alliance

* Effective July 31

Source text in Japanese:goo.gl/UMtocU

Further company coverage: (Beijing Headline News)

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