May 10, 2017 / 5:29 AM / 5 months ago

BRIEF-Top shareholder to cut stake in Shokubun

May 10(Reuters) - Shokubun Co Ltd

* Says its current top shareholder, an individual, plans to sell 1.9 million shares (19.9 percent voting power) of the company to SHINMEI CO.,LTD. for 969 million yen (510 yen per share)

* Says SHINMEI CO.,LTD. will be the top shareholder of the company

* Says change will occur on May 26

Source text in Japanese: goo.gl/cM2vuG

Further company coverage: (Beijing Headline News)

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